Assertion Partly supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

SendGrid sends one billion daily emails and prepares for 2017 IPO

Ryan McIntyre · 20VC: The Fundamentals To Creating A Successful Venture Partnership & The Optimal Investment Decision Making Process with Ryan McIntyre, Co-Founder @ Foundry Group · Feb 1, 2017 · at 28:34

Ryan McIntyre, co-founder of Foundry Group, discusses early investment SendGrid from Foundry's 2007 fund as his proudest portfolio company.

0:00 / 0:07exact quote · 7.8s

720p mp4 · rendered on demand · StarZero watermark

“They send over a billion emails a day. They've been profitable this year and they're an IPO candidate in in 2017.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

SendGrid sends over one billion emails per day, has achieved profitability, and is an IPO candidate in 2017.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The claim consists of three parts: email volume, profitability, and IPO status in 2017. 1) Email Volume: TRUE. SendGrid processed over 210 billion emails in the first half of 2017, averaging ~1.16 billion emails per day. 2) IPO Candidate: TRUE. SendGrid filed its Form S-1 in October 2017 and successfully completed its IPO in November 2017. 3) Profitability: FALSE/MIXED. SendGrid was not profitable under standard GAAP accounting, recording net losses of $3.9 million in 2016, $3.1 million in H1 2017, and $6.3 million for full-year 2017. While it generated positive operating cash flow and achieved positive Non-GAAP Adjusted Net Income in H1 2017 ($0.6 million), it remained net un-profitable on a GAAP basis.

SendGrid SEC Form S-1 disclosed over 210 billion emails processed in H1 2017 (~1.16 billion per day).
SendGrid filed Form S-1 on October 18, 2017 and completed its IPO on November 15, 2017.
SendGrid recorded GAAP net losses of $3.9 million in 2016, $3.1 million in H1 2017, and $6.3 million in FY 2017, despite positive operating cash flow and positive Non-GAAP income in H1 2017.

Checked against

[1] sec.gov [2] businessinsider.com [3] medium.com [4] sec.gov [5] thehustle.co [6] builtincolorado.com [7] wikipedia.org

assessed as of 2026-07-23

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

IPO SendGrid

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SendGrid sends one billion daily emails and prepares for 2017 IPO

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