Savneet Singh

11 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Nov 1, 2021 by Savneet Singh · said 6 times in 2 episodes since 2022 · across every show →

On the record as a speaker too: Savneet Singh's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Billy Libby (4), Ali Hamed (2)

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Everything said about Savneet Singh, oldest first

Nov 1, 2021 positive
Assertion Not checkable as stated
Singh: Seth Klarman and Dwight Anderson responded to his undergraduate cold outreach
“I started writing all of the investors that had gone to Cornell, Seth Klarman and Dwight Anderson, all these guys, and probably none of them remember me messaging them. And they all responded because this is before I think they had become the superstars that t…”
Savneet Singh Nov 1, 2021 ▶ 6:12 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021
Assertion Contradicted
Singh: PAR Technology was running out of money, forcing day-one layoffs
“The first thing I had to do as a CEO, literally the first day in the office, I had to go and terminate 25% of the workforce because we're running out of money.”
Savneet Singh Nov 1, 2021 ▶ 29:58 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021 bullish
Opinion
Singh: A 30-year-old Warren Buffett would exclusively buy software businesses today
“If Warren Buffett was 30 years old, he'd just be buying software businesses, because they have every aspect of a great business that he talks about. They've got massive moats. You can raise price every year. Customers are happy. It's this beautiful flywheel of…”
Savneet Singh Nov 1, 2021 ▶ 21:53 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021
Insight
Singh: Software products require 5-10 years, unlike short-term transactional finance
“When you're in a services business or in the investment business, It's a relatively short-term game. You're in a hedge fund, maybe it's a one-year game, or maybe it's a quarter game. When you're in a banking deal, it's a transaction. When you're building a pro…”
Savneet Singh Nov 1, 2021 ▶ 13:33 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021
Assertion Not checkable as stated
Singh funded his college education with a high school eBay business
“By the end of high school, my brother had bought a car right when he turned 16. He had a car delivered in our driveway. We both paid for college with it.”
Savneet Singh Nov 1, 2021 ▶ 7:56 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021 negative
Assertion Supported
Singh inherited an activist fight, embezzlement, and bribery probe at PAR
“They were in the middle of an activist shareholder fight. The prior CFO was on his way to jail for stealing money. The prior CEO had to step down because of bribery and corruption and investigations in China and Singapore.”
Savneet Singh Nov 1, 2021 ▶ 28:37 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021 bullish
Prediction Not checkable as stated
Singh: Software pricing models will shift from SaaS subscriptions to transactional fees
“And I think the next model we're moving towards is transactional where it's saying, Hey, don't pay me for anything, Ted, unless you use it.”
Savneet Singh Nov 1, 2021 ▶ 35:54 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021
Assertion Supported
Singh: PAR grew recurring revenue from $12M to $80M in 30 months
“We're a company that when I think I stepped in as CEO, we had twelve million dollars of recurring revenue. Today we've got 75 or eighty million dollars of recurring revenue. Right. We did that in two and a half years.”
Savneet Singh Nov 1, 2021 ▶ 51:39 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021 neutral
Assertion Contradicted
Singh claims he first publicly proposed rolling up Amazon third-party sellers
“And so I think I was probably literally the first person to have the idea of rolling up Amazon sellers, which has obviously become this enormous business. I literally think I was the first person to talk about that publicly.”
Savneet Singh Nov 1, 2021 ▶ 41:53 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021 negative
Insight
Singh: Company core values must be polarizing guardrails, not generic lists
“The problem was that when you define your culture with like 10 values, Everybody fits. If I gave Ted a list of 10 values, he'd be like, I'm pretty good at like eight of those, so like, I'm a fit. I always say the values need to be like hard lefts, hard rights”
Savneet Singh Nov 1, 2021 ▶ 19:01 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021
Disclosure
Singh: PAR Technology raised capital via convertibles to avoid low equity prices
“I think we raised money through converts. I hated our equity price when I got there. And so we're always raising equity at higher prices through converts.”
Savneet Singh Nov 1, 2021 ▶ 39:27 Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
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