Everything Jennifer Dulski said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dulski: LMS platforms like Udemy have low usage and satisfaction
“There's, there are what are called learning management systems. These are flat content like Udemy or LinkedIn learning where you're watching videos and you're kind of solo doing this learning by yourself. It is Really low usage and pretty low satisfaction.”
Dulski: Rising Team has 145% net dollar retention
“And right now we're at 145% net dollar retention so far.”
Dulski: Rising Team is raising on a SAFE with a higher cap
“And we're also, we're doing it on a safe, so it has a higher cap.”
Dulski: Existing accounts could yield up to $20M over three years
“I think over 12 months, it's like a million and a half to two million, and over three years, it's like 15 to twenty million, just from the customers we have already.”
Dulski: Three sessions improve 85% of tracked employee engagement metrics
“And we can see that after just three sessions,
85% of the core engagement scores that we measure are moving in a significant way.”
Dulski: Most Rising Team customers come through top-down sales
“And then most of our customers actually come in through kind of a top-down mechanism where a head of a division or the head of people for a company will want to use Rising Team to Increase engagement or scale their talent development.”
Dulski: Top-down enterprise deals can reach hundreds of thousands of dollars
“And those deals can be in the hundreds of thousands of dollars.”
Dulski spent about $100k on an agency to build Rising Team's MVP
“Like a hundred.”
Dulski: Rising Team taking preempted capital for 24 months runway
“Not at all, actually, because we actually got preempted for some additional funding. So we are taking a bit more money now. It's going to get us another 24 months of runway.”
Dulski: Rising Team is platformizing to let companies build kits
“The big idea and what we're working on now is platformizing the software so that anybody can create these interactive kits, and that means companies can too.”
Dulski: Rising Team has 55 customer logos
“We have 55 logos right now.”
Dulski: Rising Team converts 60% of demos to signed deals
“Right now we're converting 60% of demos to deals at some level.”
Dulski: Rising Team generated zero revenue one year ago
“I mean, a year ago we were doing zero revenue.”
Dulski: Rising Team is pure SaaS with no human coaches
“This is absolutely a SaaS product. In fact, there are no humans involved other than the leader of the team that uses our software.”
Dulski: Rising Team charges $99 per month for teams up to 11 people
“The pricing per team is 99 dollars a month per team, so a team is a manager plus up to 10 people.”
Dulski pivoted Rising Team from 1-on-1 manager tool to team development
“Actually, the first prototype was about, was a tool that managers could use one-on-one with their employees. And what we learned is that it took too much time. People wanted less time and they wanted more team focus, especially in the pandemic era. And so we r…”
Dulski: Rising Team raised $3M seed round in February 2021
“We raised a three million dollar seed round in February of 21.”
Dulski: Rising Team retains about $1M from seed round
“We still have about a million dollars left from that round.”
Dulski: Rising Team burns approximately $100K per month
“No, we're probably more like a hundred K a month, but honestly, like a few deals and that is done.”
Dulski: Rising Team has 11 full-time employees and 16 total
“We have 11 full-time people, and about 16 if you count the part-timers.”