Everything Ariel Assaraf said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Assaraf: Coralogix would have shut down under a top US VC
“If our seed round was with like an American top VC, we would have shut down for sure. Like they shut us down. They won't even ask.”
Assaraf: Salesforce, Confluent, and Snowflake will enter observability
“I actually mentioned that Salesforce, I think, will get in our space some way, somehow, and I think I'm fluent. We'll also step into the observability space. I think also Snowflake will get there because it's just that makes no sense for companies that control…”
Assaraf: Most DevSecOps Engineers Are Just DevOps Engineers Given Security Duties
“So everyone talk about DevSecOps, but there aren't really many DevSecOps engineers. Many of them are just DevOps engineers that got a new responsibility to secure the cloud.”
Assaraf: Mandatory Military Service Filters Israeli Youth into Optimal Careers
“There's something when everyone has to get enlisted to the army that kind of ranks people on what they like to do and should do in life when they're 18, which makes decisions easier.”
Assaraf: Observability data grows faster than revenue at 5x to 10x
“What we tell our customers and our investors in the previous round was data grows faster than revenue. So you'll see any company you're covering, you'll notice, like you'll ask them and they'll give you the most insane KPI of growth. If you ask them how much d…”
Assaraf: Coralogix received tens-of-millions acquisition offer in early 2019
“We got an acquisition offer. And that was for a few tens of millions. That's beginning of 2019.”
Assaraf: Coralogix raised $10M at valuation matching buyout offer
“It was a ten million dollar round, the same valuation of the acquisition offer.”
Assaraf: Coralogix passed on higher valuations to optimize round structure
“So actually one thing that we've done in both that round and this one after was not go after the higher, the highest valuation, even when we got it. But to optimize to the structure of round that we felt that is the best for us.”
Coralogix: Net retention rate exceeds 130% in 2021
“So since the beginning of this year, over a 130%.”
Assaraf: Coralogix had zero revenue and zero customers for three years
“So the first three or four years, the company was zero revenue, zero customers. It was almost shut down.”
Assaraf: Coralogix had $300k and five employees at near-shutdown in 2017
“300,000 dollars.
At the end of 20 17 were five people.”
Assaraf: Coralogix reached $20k–$25k MRR within five months of restructuring
“Within the four or five months, we got to like 20, 25,000 of monthly recurring.”
Assaraf: TechCrunch's $400M Coralogix valuation report was roughly accurate
“We actually did not disclose any valuation to them and said that we cannot disclose but they guessed, which was roughly around the number.”
Coralogix: Top 100 enterprise accounts average $80K-$85K ACV
“The top 100 are roughly at a 80, 85 ACV.”
Coralogix: 25 accounts pay over $100K and 5 pay over $500K
“We have 25 accounts over a 100,005 accounts over 500,000.”
Coralogix: Gross churn in 2021 is under 2%
“Gross churned this year, less than two percent.”
Assaraf: An employee invested $100K personal cash in Series A
“In the A round, one of the employees brought a 100,000 dollars from home and bought.”
Assaraf: 80% of Coralogix Board Members Are Former Military Pilots
“In our board, we actually have 80% of the board members are pilots in, in their past.”
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