Everything Dan Lorenc said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lorenc: Chainguard has never used a pitch deck for fundraising
“We've never done a pitch deck even for the later rounds.”
Lorenc: Standard Docker Hub Python images carry 1,400 vulnerabilities
“Like the Python image, the most up-to-date Python image, if you're going to start writing Python code, and you grab that from like Docker Hub or something like that, it'll have 1400 vulnerabilities before you even start writing your code.”
Lorenc: Operating in stealth mode unnecessarily limits customer intros and investor interest
“The one thing I never understood is like the whole stealth thing of like, we're just not going to tell anybody what we're working on. It's like, I don't know why you do that. You know, if you're out there, people hear about you, they talk about you get more in…”
Lorenc: Google Cloud was 66% of Google's headcount when he left
“And so when I left, I looked back and it was like, Google Cloud is like, 66% of Google by headcount.”
Lorenc: Cybersecurity issues get ignored until attackers actively exploit them
“You know, you can talk about stuff all day long, and until attackers actually start looking at it, ah, nobody cares.”
Lorenc: Chainguard hired 10 to 15 people before finding PMF
“I think our team, yeah, we grew up let's say, 10 or 15, somewhere in that range. Mostly engineering product that kind of thing.”
Lorenc: Cybersecurity regulations delay enterprise buying due to slow government timelines
“There was a lot of regulatory stuff that came down in the wake of SolarWinds and Log for J from the government which is good, because it, like, means something eventually has to get done here, but then the downside is it runs on government timelines, and, like…”
Lorenc: Customers rejected Chainguard Enforce because it made developer jobs harder
“Nobody wanted to roll this thing out because it made developers jobs harder. And it was like, that's kind of the entire point is making jobs harder. Of course, nobody wants to roll this thing out.”
Lorenc: Chainguard's average contract value is $225,000 to $250,000
“Probably two 25, two 50, somewhere around there.”
Lorenc: Chainguard reached $1M ARR on Enforce before stalling
“About a million ARR on that product.”
Lorenc: Chainguard ended 2022 with just over $1M ARR
“I think that was the year where we ended, you know, a little over a million in ARR or something like that.”
Chainguard raised Series B in mid-2023 with two sales reps
“When we did the series B, it was like Q two, Q three. We had just built a real sales team. We had like two sales reps. We brought in a sales leader. We had a good quarter. And that's when we did the series B right after.”