COMP.
Date of Foundation
2023

COMP.

"COMP.: Simplifying referral programs, empowering salespeople."

The Idea origin story

Comp. is a platform that bridges networking and financial services, empowering sales representatives to monetize their referrals, ensuring customers benefit from a trusted network of reps. Fostering peer-to-peer introductions for in-market opportunities, and helping individual contributors amplify their earning potential both within and outside their primary organization.

The Mission

"COMP. reimagines referral programs by empowering sales reps to benefit from their introductions, accelerating sales cycles and monetizing referrals."

Clients

Account Executives BDRs Independent Consultants Sales Leaders Talent/Recruitment

Problems we solve

Client’s problem

"Sales is challenging with only 47% of reps meeting quotas. They struggle to reach the right buyers amid growing resistance to cold outreach, even as quotas rise unjustifiably. This causes employee burnout, career stagnation, job uncertainty and layoffs."

Confirmation of problem

nearly 50% of sales reps don't reach their monthly quotas, leading to high job insecurity and burnout rates.

Solution

"COMP. is a platform connecting Sales Professionals, allowing deal tracking and payment collection through quality referrals, opening new business opportunities."

Our technologies

This solution is based on technologies

How it works

"COMP. connects Sales Pros, enables commission sharing setup, tracks deals, and processes payments. It enhances income via quality referrals and opens new opportunities."

Value for the client

COMP. connects salespeople to a network of valuable referrals and provides financial incentives, boosting earnings and success rates.

Market and strategy

Market size

5

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

50

% of the market

Is our goal in the next 3 years

Team

My name’s

Sam Glasman

My key role in the product

My key role is Co-Founder and I'm responsible for setting the company's strategy, building a strong team, securing finances and overseeing operations.

Team size and key members

Charlie Patterson - CTO, Dana Baker - CFO, Emma Hayes - Head of Marketing, Josh Porter - HR Director.

Competitors

Competitors

Some competitors are Referral Rock with a revenue of $1M, Partnerstack with a B2B focus and revenue of $45M. Additionally, Sasquatch, Spiff which is a commission management platform with $25M in Revenue, Sales Cookie an incentive plan software firm, Tremendous offering loyalty rewards and Talon One promoting for brands.

Our Advantages

COMP transforms referrals with simplicity, connection and streamlined processes. It offers robust tracking & payout management while boosting income for sales professionals with minimal effort— a breakthrough in the sales industry.

Business model

COMP. offers a Starter tier for free and an expanded Hustle tier at $10/month, with lower commission cut at 1%.

Traction

Business strategy solidified, technical documentation finalised, go-to-market strategy executed and market analysis successfully completed. We're diligently progressing with all fronts effectively covering every aspect of our robust planning processes.

Company growth is on an upward trajectory. We have successfully launched, showing positive performance. Our continual innovation and adaptability secure our position in the market and set the stage for future success.

Metrics

Product metrics: Enhanced user visits per month, free users converted, new paid patrons acquired. Recent monthly recurring revenue (MRR), existing members & their continual funds flow counted. Total non-transactional income measured with sum of referral earnings based on both free and premium customers. Future income sources contemplated.

Incorporation

Our company incorporated in

Delaware

Key risks

Competition, legal changes, user inactivity & economic factors could impact COMP. Privacy laws, contractual issues, financial regulations and employment laws need careful navigation. Issues might also rise from IP rights, advertising regulations and data security compliance.

Investments

$

5000

We raised investments

Our Investors

founders

Rising Investments

$

1000000

Currently, we are raising investments

$

500000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

Read

Additional information

The COMP. Trust Score is a unique ranking system that assigns scores based on the reliability and credibility of referral sources, thereby fostering trust and confidence in the platform's referrals.

Idea