Compliable
company on 1 show · 12 statements across 1 episodes · said 21 times in 1 episodes since 2021
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Top Founders 21
2021 21 mentions in 1 episode
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12 statements about Compliable, every show
Compliable is raising capital at a $12M valuation with $160K ARR
“You're at 160,000 dollars in ARR. You're raising a twelve million dollar valuation.”
Compliable co-founders collectively own about 15% equity in the company
“So we haven't allocated the full employee options and the co-founders together have about 15 between them right now.”
Compliable created a 12% employee option pool and has half remaining
“Oh, we started at 12% with last round, and we've been giving it away steadily since, but we have about half of it left, so.”
Ultian expects to retain roughly 30% equity after closing $3M round
“I think I'll be at roughly 30%.”
Ultian: State licensing infrastructure market opportunity will close in eight months
“If we can get out there ahead of that change, if we can be the provider for the states themselves to be able to grant licenses, that puts us in a pretty unassailable position, and that opportunity will exist for the next six to eight months.”
Compliable raised its $1.7M seed round at a $6.5M pre-money valuation
“The first round right after tech stars was the four million pre money price round. Then we did for the 1.7, that was 6.5.”
Compliable secured pilot users in 2020 and booked first revenue in 2021
“September, we didn't have a product. We just had an idea. We got people to sign on to a pilot by November. We had people running through the product. And we actually booked our first revenue July last month.”
Ultian took majority equity for funding early expenses and deferring salary
“When we started this way back when it was on an idea that I had brought in the initial capital and pretty much took no salary in order to make things work while we had a consulting gig that kept the doors open and the lights on, and was able to divert a lot of…”
Compliable raised $1.7M post-pivot and nears a $3M round
“So last year on this pivot, after September, we raised 1.7. And we're actually very close to closing another three right now.”
Compliable charges major betting operators $5,000 to $10,000 monthly
“So a major operator would probably be around five to 10 K a month for the smaller groups. That's about a thousand a month.”
Compliable charges vendor affiliates $7,000 annually under beta pricing
“So we sell those kind of on an annualized basis 7000 dollars a year is currently our beta pricing for it, and companies that want to work with these sportsbooks pay us that, and that's the annual fee.”