Ahikam Kaufman
Co-Founder & CEO, SafeBooks AI. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveinvestor
Ahikam Kaufman is the co-founder and CEO of SafeBooks AI. He previously co-founded fintech company Check, which was acquired for $400 million.
1shows
1appearances
17statements
2resolved
1supported
0contradicted
50%fully supported
Everything Ahikam Kaufman said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kaufman: Financial AI requires end-to-end data context across all systems
“You can't just One AI on each and every system in the office of the CFO. You have to give it the context of the end-to-end data from all the systems that participate in the business process.”
Kaufman: SafeBooks AI Can Fully Automate Cross-System Financial Data Validation
“And we now using the benefits and power of AI, we can fully automate that work.”
Kaufman: Accountants Lack Tools to Verify Cross-System Financial Data
“One of the challenges in the office of the CFO is there's a gap between what an accountant is trained to do and what he needs to do, which is basically check his data across multiple systems in real time across structured and unstructured data.”
Kaufman: Financial Data Verification Breaks Down at $200M to $300M Revenue
“When I'd like to think that companies that starts to exceed like two, Two, three hundred million dollars in revenues would significantly feel the pain because they would have to cope with multiple offerings, multiple products, data structure, which is very dif…”
Kaufman: Offshoring Cannot Prevent Revenue Verification Errors
“Even if you offshore this work, we see significant amount of mistakes in each company we're working with, and it's all natural in you.”
Kaufman: Falling Valuations Will Force Companies to Automate Workflows
“We are now seeing a significant reduction in stock prices, which will force companies to be more efficient and Try to remove the human in the loop as much as possible.”
Kaufman: Mint's Third-Party Data Provider Caused Frequent Reliability Mistakes
“We, at that time we had a competitor called mint, which was a very popular mobile application, but they bought their data. So they relied on a third party data infrastructure again, before the plot days, which was less reliable, causing a lot of mistakes.”
Kaufman: Menlo Ventures made 3-4x return on Check in under 8 months
“This was, like, one of their highest IRR because, you know, when you return, when you do, like, three or four X, which that's what they did over the course of, like, six to eight months”
Kaufman: Founders cannot fix poor equity distribution once acquiring talks start
“One of the things you learn when you sell a company is that at some point in time, it becomes too late. You can't reverse this decision. So you have, from the get-go, you have to decide how you're going to compensate in equity, your founding team, your staff m…”
Kaufman: Intuit added a $25M employee retention pool in Check buyout
“And we also took that retention shot, which at the time was an additional twenty-five million dollars, and we fully deployed it across the board to people”
Kaufman: SafeBooks AI starter contract is around $100K to $125K
“The initial use case we start with, it's around the way we kind of sell it, it's the cost of a single resource finance resource. So it's, I would say it's around like a hundred, a 125,000 dollars for the initial starter use case.”
Kaufman: SafeBooks AI's largest customer contract is around $300K
“We just started to go to market like about less than a year ago. So, but we do have, you know, I would say our largest engagement is around 300,000 dollars right now.”
Kaufman: SafeBooks AI raised a $15M seed round from six or seven funds
“We raised a fifteen million dollar seed in, like, two chunks. From like six, seven funds, early, very early stage fund, but we raised like fifty million dollars.”
Kaufman: Intuit Acquired Check for Close to $400M in Q2 2014
“Actually, it was close to four hundred million dollars.
And funny enough in Q two of 2014, when we sold the company to Intuit, we were like the largest M&A deal according to the Wall Street Journal by coincidence.”
Kaufman: Intuit Still Uses Check's Core Data Infrastructure for Bank Feeds
“We decided to create our own data foundation, which is, by the way, was adopted by Intuit, and using into that same technology is using, Intuit is using today for their bank fee.”
Kaufman: Check founders each owned 5% to 10% at exit
“I think we were two founders and each of us had like you know, between five to 10% of the company.”
One line per show, most statements first. The link opens Ahikam's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | Co-Founder & CEO, SafeBooks AI | 1 | 17 | 50% 1/2 | full record on Top Founders → |