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It's a service every company needs and most aren't willing to build. This is in large part because most companies don't have the security expertise to handle se
by jspaetzel 5y ago
It's a service every company needs and most aren't willing to build. This is in large part because most companies don't have the security expertise to handle sensitive data so it makes tons of sense to outsource. Even the companies that do have that expertise may not want to invest their resources outside their core business.
The important thing to consider is how much would it cost you to build/deploy a solution to send and request signatures from clients? Lawyers, developers, and security professionals are all needed and can quickly push the cost to build much much higher then paying for a service.
As for the valuation, it's also high in part because the market segment is so large.. anyone and everyone doing business online is a potential customer.
Disclaimer: I work for HelloSign. My experience here is from having seen many companies try to build it themselves only to return as customers a few months later.
- dannyw 5y agoAlso the legal headaches when a counterparty claims that you forged the signature, or manipulated the contract?
- tthun 5y agoif you implement a Digital Signature over eSignature, this issue goes away - both parties can get a copy of the signed document and never be manipulated
- jspaetzel 5y agoThere's different levels of e-signatures, for various circumstances. The most sophisticated includes having an agent video chat with you and verify your identity when signing. If that won't hold up, then you'll probably have problems with an in person wet signature too.