Everything Dan Bladen said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Bladen: Kadence raised Series A at mid-teens ARR multiple
“Mid teens.”
Bladen: Willis Towers Watson cut real estate footprint, saving $500M annually
“So you can be a company like Willis Tau Watson that works with us, right? They've gone from 10.1 to 4.7 million square feet. So now that everybody's not in the office every single day, though, that's obviously a various difference across lots of different comp…”
New VCs urged Bladen to abandon early investors; he pitched 100 instead
“We had a lot of investors saying, hey, new, new investors, we wanna come into Cadence, just ditch them, start this afresh on the side but that didn't feel like winning the right way to me, so we, I did over a hundred investors to get the round done”
Bladen reset the company cap table after being diluted to 15 percent
“I was down to about 15% of the business at that point, and so yeah, I went to them, proposed, hey, we're gonna have to, the way to protect everybody's ownership, keep you guys all in, is to do an options increase so that's what we did.”
Bladen: Kadence achieved over 130% net dollar retention
“North of a 130%.”
Bladen: Kadence ARR run rate is around $15M
“We don't talk too publicly about it, but yeah, we're in and around that range.”
Bladen: Kadence manages workplaces for 600 companies including Boeing and Revolut
“So WeWork with about 600, WeWork, 600 companies around the world. Think Boeing, Bombardier, Rolls-Royce, Porsche, Revolut, helping them manage their own workplaces.”
Bladen: Kadence has no million-dollar ACV customers yet
“No million-dollar customers yet. We've got a couple that are pretty close in our pipe”
Bladen: Chargifi raised ~$17.5M from Intel and Hewlett Packard Enterprise
“We raised about 17 and a half million dollars from Intel and Hewlett Packard Enterprise.”
Bladen: About 10,000 Teams Use Kadence
“We've got about 10,000 teams that use Cadence”
Bladen: Kadence Flex offers access to 15,000 co-working locations globally
“We do have a product called Cadence Flex, which does allow you to get access to about 15,000 co-working locations around the world.”
Bladen: Chargifi had tens of customers and was nowhere near $1M ARR
“We had tens of customers at the time. Still wasn't anywhere near, like, a million in ARR.”