Digits

company on 2 shows · 13 statements across 4 episodes · said 191 times in 20 episodes since 2020

20VC 173 Top Founders 18

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20VC 173Top Founders 18

2024 13 mentions in 1 episode
2023 21 mentions in 2 episodes 11 per episode
2022 18 mentions in 1 episode
2021 22 mentions in 4 episodes 6 per episode
2020 117 mentions in 12 episodes 10 per episode

every mention on every show, scene by scene, with the transcript →

13 statements about Digits, every show

20VC Prediction Not checkable as stated
Seibert: AI will be commoditized quickly without disrupting existing software pricing
“So this may be just me, but I very much see AI as a tool, not a product. And so it's a technology. It's like your database. It's like Memcash back in the day, and so because of that, I don't think it'll change how people price in specific industries. Like, if …”
Jeff Seibert Nov 24, 2023 ▶ 17:36 The Ultimate AI Roundtable: What Happens Now in AI, Why Google are Vulnerable | E1085 · 20VC with Harry Stebbings
20VC Insight
Fenton: Accounting startups win just by making the product somewhat enjoyable
“When Uber was going against the taxi industry, the NPS scores on taxis was so bad, right? Like even if Uber was mediocre, it would still be way better. And he said accounting gave him the exact same vibes. Like the status quo is just so bad that if you can mak…”
Jeff Seibert Nov 22, 2023 ▶ 18:54 Jeff Seibert: Why OpenAI Will Become an Infrastructure Play | E1085 · 20VC with Harry Stebbings
TOP FOUNDERS Disclosure
Digits raised from 72 angels, including Box, GitHub, and Twitter CEOs
“We actually had 72 angels in digits. And these are the CEOs of Box, it's Aaron, of GitHub, it's Nat, of Twitter, it's Dick Costolo, et cetera.”
Jeff Seibert Feb 10, 2022 ▶ 16:51 Digits Wants to Replace Quickbooks, $30m Raised, 4 years of Building Distribution, Launch is Next
20VC Assertion Supported
Digits Raised Over $32M From Benchmark, GV, and Angel Founders
“To date, Wayne and Jeff have raised over thirty-two million dollars for Digits, from some of the best in the business, including Peter Fenton at Benchmark, and Jess Verrilli at GV, and then also the most incredible base of angels, with the founders from Box, G…”
Harry Stebbings May 1, 2020 ▶ 0:28 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Assertion Supported
Corporate Finance Software Competitors Require 16 Weeks to 14 Months Onboarding
“Our competitors, other people that are in the space, they're out there and they're touting that it's so quick to set up. They can get set up in as little as 16 weeks. And that's weeks. That's one of the fastest we found. Others take months or like as little as…”
Wayne Chang May 1, 2020 ▶ 7:11 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Assertion Not checkable as stated
Digits Averages Five to Seven Minutes for Ad-Hoc Internal Meetings
“We have those three meetings, and then nothing else on the calendar, and everything else is ad hoc, and so I'd say our average meeting length is probably five to seven minutes.”
Jeff Seibert May 1, 2020 ▶ 14:55 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Insight
Paired Buddy Systems Remove the Need for Scheduled Meetings at Digits
“The way this works is we do what's called a buddy system, so every project every week is tackled by two people, some two to four people, but usually two people, and the reason is it's because you're remote, right? Instead of sort of working by yourself in your…”
Jeff Seibert May 1, 2020 ▶ 15:03 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Assertion Not checkable as stated
Digits Requires a Take-Home Work Sample for Every Job Role
“For the skill side, we have used basically a take-home work sample, a take-home challenge that we use for every single role.”
Jeff Seibert May 1, 2020 ▶ 16:17 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Assertion Not checkable as stated
Digits Has Only Fired One Employee Since Its Founding
“We have let one person go in the life of the company, but it's just one.”
Jeff Seibert May 1, 2020 ▶ 17:00 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Insight
Minimizing User Cognitive Load Often Requires Maximalist Software Design
“When I do the product experiences at Digit and different flows and different things to think about, I'm building product experiences that try to give the users the best experience with the least amount of thinking, the lowest cognitive load. So these result in…”
Wayne Chang May 1, 2020 ▶ 18:30 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Assertion Not checkable as stated
Digits Holds Over 10 Years of Runway After Raising $33M
“And so I think the key differentiator here is yes, we've raised thirty three million. We aren't spending it. The big mistake people make is they scale their burn sort of in proportion to their raise. And we haven't. We've kept our team super small and lean. We…”
Jeff Seibert May 1, 2020 ▶ 23:10 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Assertion Supported
A Large Portion of Crashlytics' Original Team Now Works at Digits
“We were very, very thoughtful with how we built the Crashlytics team. And believe it or not, a large portion of that team is now the Digits team, and we're still working together nine years later.”
Jeff Seibert May 1, 2020 ▶ 27:57 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
20VC Disclosure
Digits Took Capital From 72 Angel Investors Spanning 35 Industries
“We ended up with 72, and this gives us 72 different perspectives to build out the product for, and we want to be able to support Different industries, and those 72 represented 35 of the broadest industries that we could find.”
Wayne Chang May 1, 2020 ▶ 31:21 20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits

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