How successful is Deel since its founding in 2019?

Deel has raised over $650 million, made over $100 million in revenue, and has 1300 people in 80 countries.

What is the main focus of Deel?

Deel helps companies go global and hire people from around the world by providing back office infrastructure.

What are the challenges faced by companies supporting remote work?

The biggest challenges are payments, compliance, and local labor laws.

How does Deel simplify global contract management?

Deel makes it simple to manage contracts, payments, taxes, and more globally with one single interface.

What is the key to successful B2B growth?

Product market fit and client experience are key to creating an automated system that makes teams more productive.

Deel: The Fastest Growing SaaS Startup for Job Seekers | Alex Bouaziz's Journey

Name: Deel: The Fastest Growing SaaS Startup for Job Seekers | Alex Bouaziz's Journey
Uploaded: 2023-03-19 07:35:04
Description: Alex Bouaziz shares his journey of founding and growing Deel, a business that provides infrastructure and services to help people get jobs at top companies, and emphasizes the importance of prioritizing physical, emotional, and mental health to be a successful founder.

This article is a summary of a YouTube video "The Fastest Growing SaaS Startup in History | deel" by EO

TLDR Alex Bouaziz shares his journey of founding and growing Deel, a business that provides infrastructure and services to help people get jobs at top companies, and emphasizes the importance of prioritizing physical, emotional, and mental health to be a successful founder.

Key insights

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Deel has raised over $650 million and is making over 100 million plus in revenue in ARR, making it the fastest growing SaaS startup in history.
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The biggest problem to solve with remote work is payments, compliance, and local labor laws.
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Deel is solving a complex problem of onboarding and paying international contractors, which is a $30 billion industry.
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Focusing on customer experience and feedback is crucial for successful product validation and iteration.
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Deel's solution for global hiring compliance was in high demand during the pandemic, even for Fortune 1000 companies who had no other solution for keeping employees compliant while working remotely.
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Deel doubled their revenue from $50 million to $100 million in just 3 months, showing exponential growth.
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Deel's success in hiring over 1200 people in less than a year is due to their ability to hire the best talent globally, rather than being limited to a 30-mile radius around an office.
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Deel's focus on speed and customer care has been a main driver for their success and is contagious among their employees.

Q&A

How successful is Deel since its founding in 2019?

— Deel has raised over $650 million, made over $100 million in revenue, and has 1300 people in 80 countries.
What is the main focus of Deel?

— Deel helps companies go global and hire people from around the world by providing back office infrastructure.
What are the challenges faced by companies supporting remote work?

— The biggest challenges are payments, compliance, and local labor laws.
How does Deel simplify global contract management?

— Deel makes it simple to manage contracts, payments, taxes, and more globally with one single interface.
What is the key to successful B2B growth?

— Product market fit and client experience are key to creating an automated system that makes teams more productive.

Timestamped Summary

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00:00
Alex Bouaziz is the CEO and co-founder of Deel, a successful business he started at 16 after moving to the US.
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02:41
Founded Aries, sold to iRobot, learned lessons in strategy, business, sales, and distribution.
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04:22
Deel provides the back office infrastructure to help companies go global and hire people from around the world.
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06:55
Deel provides a simple interface to manage global contracts, payments, taxes, and more, while focusing on customers and clients.
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08:57
We grew from $1M to $100M in 20 months, proving that hiring the best talent globally outweighs the benefits of having employees in an office.
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12:27
Prioritize physical, emotional, and mental health to be a successful founder.
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14:14
Take control and work hard on something you care about - you only live once!
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15:37
We provide infrastructure and services to help people get jobs at top companies.