Everything Eric Byers said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Byers: Companies often do not know if they run SolarWinds
“Nobody you know, nobody has a silver bullet to solve a problem like solar winds, but what we've seen in our customer base and we've heard in government disclosures is the companies don't even know if they run solar winds.”
Byers: Adolus's $4M valuation was an absolute bargain in hindsight
“I think it was a bargain, actually. You know but, you know, I didn't have a crystal ball to know that President Biden would be releasing executive orders about supply chain. I didn't know that SolarWinds was going to happen, so it was, yeah, it was it was an a…”
Eric Byers: Adolus Counts Honeywell and Caterpillar Among Enterprise Contracts
“Our large contracts are, you know, our contracts include people like Honeywell and Caterpillar.”
Byers: Adolus customers pay between $5K and over $40K monthly
“Customers will pay as little as 5000 a month. Some of them are paying, oh, probably north of about 40,000 a month.”
Eric Byers: Adolus Has Three Primary Customers and Six Large Pilots
“We've got three primary customers and about six large pilots running right now.”
Eric Byers: Adolus Generates Just Under $600K in Annual Revenue
“We're doing a little less than 600,000 a year.”
Eric Byers: Adolus Forecasts Under $1M ARR by End of Year
“We're expecting to close probably two more pilots this year. And we expect to be somewhere below a million annual recurring revenue by the end of the year.”
Eric Byers: Adolus plans seed round followed by spring Series A
“We're probably going to, well, not probably, we plan to do over the next month or two on one more seed round and then go for an A this spring.”
Eric Byers: Software vendors are now regulated to supply SBOMs to US government
“I mean, just the dynamics of the supply chain software bill of materials market is, you know, a year ago, nobody knew what a software bill of materials is. Now people are regulated to supply them to the U S government.”
Eric Byers Owns Between 50% and 80% of Adolus
“I own more than 50% and I own less than 80.”
Eric Byers: Adolus Seed Investors Own Approximately 20% of the Company
“About 20%.”
Byers: Adolus raised $800k in DHS grants before generating revenue
“We got U.S. Department of Homeland Security so Silicon Valley Initiative Program grants, about 800,000 dollars worth of research grants, so that kept us alive for the first couple of years.”
Byers: Adolus has 20 employees, hiring roughly one monthly
“So I think we have 19 people, maybe 20. I guess maybe we have 20 on Monday. So yeah, we've been growing our team pretty aggressively. We've been bringing somebody in just about every month for the last eight months.”