Chris Ultian
Co-Founder & CEO, Compliable. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutivecompliable.com ↗
Chris Oltyan is the co-founder and CEO of Compliable, a compliance platform that streamlines licensing for real-money gaming and sports betting operators. Prior to Compliable, he spent years in interactive media and software, founding and leading multiple technology startups and gaming studios.
1shows
1appearances
12statements
0resolved
0supported
0contradicted
Everything Chris Ultian said on any show that made the record, most notable first. Each card names its show and opens the statement there.
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.”
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…”
Ultian predicts US sports betting will consolidate to 50 to 60 operators
“There's going to be like 50, 60 players, total, 20, 30 of substantial size”
Compliable counts sports betting startup Sporttrade as a paying customer
“One of the operators sport trade is the startup in the space. And we're working with another major operator that we can't name publicly yet, but you know those are your sports books.”
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 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 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.”
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 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.”
Ultian expects to retain roughly 30% equity after closing $3M round
“I think I'll be at roughly 30%.”
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.”
One line per show, most statements first. The link opens Chris'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, Compliable | 1 | 12 | — | full record on Top Founders → |