People, every show

Gary Saarenvirta

Principal, Islandstream Advisory. On 1 show, 2 appearances. The Shows tab opens the full record on each.

founderexecutiveengineerscientistoperator@garysaarenvirta ↗LinkedIn ↗daisyintelligence.com ↗

He founded Daisy Intelligence in 2003, developing an AI platform to optimize retail planning and detect insurance fraud. Previously, he led IBM Canada's data mining and warehousing practices after studying aerospace engineering at the University of Toronto.

1shows
2appearances
34statements
4resolved
1supported
2contradicted
25%fully supported

Everything Gary Saarenvirta said on any show that made the record, most notable first. Each card names its show and opens the statement there.

TOP FOUNDERS Assertion Not checkable as stated
Saarenvirta: Daisy Intelligence has delivered 10x ROI for all customers
“And for us, if we don't deliver 10 times that return, we tell our customers we're going to quit and move on because we're really selling net income growth is what Daisy sells. And we've been able to do that so far with all of our customers.”
Gary Saarenvirta Jul 16, 2019 ▶ 5:49 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
Daisy's retail AI runs simulations without labeled historical data
“So we're simulating the future, and you don't necessarily have to have ever done it in the past. It doesn't need a labeled example, so the historical data just lets us calculate seasonality and, ah, you know, elasticity, cannibalization, halo, pull forward, an…”
Gary Saarenvirta Nov 21, 2020 ▶ 11:20 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Assertion Not checkable as stated
Daisy claims a 3-5% revenue lift on $1B+ enterprise accounts
“I mean, we've grown our client total company revenue by three to five percent, which, you know, on a base of you know, our largest customers, it's more than a billion dollars in annual revenue.”
Gary Saarenvirta Nov 21, 2020 ▶ 12:53 Daisy intelligence on track for $10m in 2021
Retailers deny vendor attribution to preserve their negotiating leverage
“No retailer will ever admit to us that you did this, right? Like, because if they do that, it's negotiating leverage.”
Gary Saarenvirta Nov 21, 2020 ▶ 13:54 Daisy intelligence on track for $10m in 2021
Saarenvirta: More profitable retailers will lower prices rather than bank profits
“If we make a retailer more efficient and more profitable, they won't bank the money. They'll invest it in lowering prices.”
Gary Saarenvirta Jul 16, 2019 ▶ 4:20 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Assertion Not checkable as stated
Saarenvirta: Daisy Is Only Company Using Reinforcement Learning Outside Engineering
“You know, we're the only company using reinforcement learning and outside of engineering, and that really delivers huge value.”
Gary Saarenvirta Jul 16, 2019 ▶ 8:15 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Prediction Didn’t hold up
Saarenvirta: Daisy Intelligence can reach $1B valuation with 50 enterprise customers
“We envision if we get to about 50 to 60 customers, we think we'll be in the, you know, close to a billion dollar valuation, and we're already at, kind of, 17 today, so it doesn't seem like a stretch that over the next three years we could, we can get to that, …”
Gary Saarenvirta Jul 16, 2019 ▶ 11:39 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Disclosure
Daisy deploys the exact same core math for every customer
“We use the exact same math at every single customer.”
Gary Saarenvirta Nov 21, 2020 ▶ 13:12 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Prediction Not checkable as stated
Daisy aims to double ARR from $6M to $12M next year
“So the plan next year is to, you know, grow revenue by more than five million in ARR, right? So Right. We're going to grow it from, you know, six to 12.”
Gary Saarenvirta Nov 21, 2020 ▶ 15:31 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Disclosure
Daisy's venture debt has a 15.25% interest rate, zero dilution
“I mean, it's like 15 and a quarter percent like interest and there's no dilution. It's no equity.”
Gary Saarenvirta Nov 21, 2020 ▶ 17:23 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Assertion Not checkable as stated
Saarenvirta: Daisy Intelligence has doubled net income for retail clients
“And if they execute our recommendations, we've been able to double their net income, which is massive and unheard of.”
Gary Saarenvirta Jul 16, 2019 ▶ 3:07 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Assertion Not checkable as stated
Saarenvirta: Daisy Intelligence generates at least 3% top-line sales lift
“Well, we, we've been able to get a minimum of three percent top line sales”
Gary Saarenvirta Jul 16, 2019 ▶ 6:19 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
Saarenvirta: Daisy Intelligence is worth $30M-$40M on typical SaaS metrics
“If you're looking at purely financial metrics, like typical SAS companies, then we're maybe 30 to forty million in value today.”
Gary Saarenvirta Jul 16, 2019 ▶ 9:34 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
Saarenvirta: Venture Debt Grants Runway and Leverage in VC Negotiations
“So it gives us, it's expensive capital, but it gives us a non-dilutive capital and gives us flexibility to negotiate with VCs who, you know, we are not running out of money as we're having these conversations.”
Gary Saarenvirta Jul 16, 2019 ▶ 10:52 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Assertion Not checkable as stated
Daisy Intelligence's ACV is $500K+
“Our ACV is like half a million and up.”
Gary Saarenvirta Nov 21, 2020 ▶ 2:07 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Assertion Not checkable as stated
Daisy Intelligence hit $500K in monthly recurring revenue
“Last month recurring revenue was 500 K a month.”
Gary Saarenvirta Nov 21, 2020 ▶ 3:26 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Disclosure
Daisy raised $5M, providing 18 months of runway
“So we, you know, we raised like five million A couple of weeks ago. So that's our runway, you know, for another. 18 months.”
Gary Saarenvirta Nov 21, 2020 ▶ 4:20 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Disclosure
Daisy has raised $20M in total funding
“Yeah, we've raised about twenty million in total.”
Gary Saarenvirta Nov 21, 2020 ▶ 4:35 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Disclosure
Daisy raised uncapped convertible debt with a discount
“There was no cap on it, so it'll just be a discount to the next round”
Gary Saarenvirta Nov 21, 2020 ▶ 5:15 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Disclosure
Daisy cut its monthly burn rate from $500K to $300K
“Yeah, we're burning today, you know, we're both 300 K a month, you know, so we dialed it back from the 500.”
Gary Saarenvirta Nov 21, 2020 ▶ 16:11 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Disclosure
Solo founder Gary Saarenvirta retains 27% equity in Daisy
“Yeah, I own in the 20, 27% of the company, which is still great.”
Gary Saarenvirta Nov 21, 2020 ▶ 19:11 Daisy intelligence on track for $10m in 2021
TOP FOUNDERS Assertion Contradicted
Saarenvirta: Retail represents 50% of world GDP and competes on price
“Yeah, I think in, in the most companies will, because, you know, that's how you gain market share, and I think in retail, which is 50% of world GDP, it's an industry that's really driven by price, and price drives market share, so I think in that industry it w…”
Gary Saarenvirta Jul 16, 2019 ▶ 4:56 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Disclosure
Saarenvirta: Daisy Intelligence customers pay $250k to $500k annually on average
“On average, they're paying, you know, 250,000 to 500,000 a year in that range.”
Gary Saarenvirta Jul 16, 2019 ▶ 5:41 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels
TOP FOUNDERS Disclosure
Saarenvirta: Most Daisy Intelligence clients generate $1B to $2B in revenue
“Typically we're working in companies at the small end that are a hundred million. And most of our clients are kind of in the 1,000,000,002 billion dollar range. And then we have some really large clients who are in the ten billion dollar plus range.”
Gary Saarenvirta Jul 16, 2019 ▶ 6:43 1452 Retail SaaS Solution Pases $4M ARR, Goal to Reduce Poverty Levels

Show 10statements(10 left)

One line per show, most statements first. The link opens Gary's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

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TOP FOUNDERSLEDGER Principal, Islandstream Advisory 2 34 25% 1/4 full record on Top Founders →
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