Celonis

includes Celonis Snap, Celonis Copilot

11 statements across 2 episodes · 4 bullish · 0 bearish · 2 people on the record · first statement Aug 13, 2020 by Alex Rinke · said 42 times in 3 episodes since 2020 · across every show →

Mentions by year, the whole family

brought up most by Alex Rinke (25), Matt Turck (14)

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Everything said about Celonis, oldest first

Aug 13, 2020 neutral
Insight
Product roadmaps should strictly prioritize features that accelerate time to value
“I think the only thing you should think about and you should be extremely fisa about prioritizing your product roadmap should be what accelerates time to value.”
Alex Rinke Aug 13, 2020 ▶ 35:35 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Aug 13, 2020 positive
Assertion Not checkable as stated
Celonis's first customer cut ticket resolution from five days to same-day
“Like within three months, they got their resolution time for tickets, right? That's a very important metric to measure. Down from five days to solving over 80% of their tickets in zero, like in the same day. Without firing or hiring a single employee.”
Alex Rinke Aug 13, 2020 ▶ 5:43 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Aug 13, 2020
Disclosure
Celonis bootstrapped without outside capital for its first five years
“So, so actually we didn't raise money for half a decade. We raised three hundred sixty million or sixty-seven million cents. The first, so the company has been around for nine years, and the first five years we didn't raise a cent.”
Alex Rinke Aug 13, 2020 ▶ 4:20 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Aug 13, 2020 neutral
Insight
Enterprise startups often underprice their software, ruining their sales unit economics
“I think a lot of entrepreneurs, if they sell to the enterprise, underestimate the effort of selling to the enterprise and end up selling their products so cheap so that the sales process is so cumbersome that you can't really invest into it.”
Alex Rinke Aug 13, 2020 ▶ 32:17 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Aug 13, 2020 positive
Assertion Not checkable as stated
Celonis is the largest third-party product sold by SAP
“We're the biggest product on there that they sell outside of their own portfolio.”
Alex Rinke Aug 13, 2020 ▶ 10:48 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Aug 13, 2020
Disclosure
Alex Rinke didn't know what SAP was when he co-founded Celonis
“Before we started Salonis, even when we started Salonis, like the day we started the company, I didn't know what SAP was.”
Alex Rinke Aug 13, 2020 ▶ 7:41 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Aug 13, 2020 positive
Assertion Not checkable as stated
Thousands of KPMG and McKinsey consultants use Celonis
“We have thousands of certified consultants from KPMG, from McKinsey, et cetera, that use our platform extremely heavily.”
Alex Rinke Aug 13, 2020 ▶ 24:48 Fireside Chat: Alex Rinke (Founder & CEO, Celonis) with Matt Turck (Partner, FirstMark)
Feb 8, 2024
Assertion Partly supported
Alex Rinke: Celonis raised only $15,000 during its first six years
“We had no funding, right, so for the first six years we had All the funding we had was 15,000 US dollars.”
Alex Rinke Feb 8, 2024 ▶ 6:58 Bootstrapping a Decacorn on $15k with Celonis CEO Alex Rinke
Feb 8, 2024 positive
Assertion Supported
Matt Turck: Celonis reached 3,000 employees and a $13B valuation
“So, 3000 employees in Munich, New York, Madrid, and 17 offices around the world. 5000 enterprise customer deployments. And a thirteen billion dollar Valuation. Most recently, you raised a billion dollar in Series D round.”
Matt Turck Feb 8, 2024 ▶ 1:23 Bootstrapping a Decacorn on $15k with Celonis CEO Alex Rinke
Feb 8, 2024 neutral
Disclosure
Advisors urged Alex Rinke to rebrand Celonis to an AI domain
“There was literally people telling me, like, you need to get rid of solonis.com, you need to call it solonis.ai, right?”
Alex Rinke Feb 8, 2024 ▶ 26:16 Bootstrapping a Decacorn on $15k with Celonis CEO Alex Rinke
Feb 8, 2024
Assertion Not checkable as stated
Alex Rinke: Celonis tracks the exact realized value for every customer
“So, for example, I can pull out a dashboard right now Every single customer that we have, how much value have they realized?”
Alex Rinke Feb 8, 2024 ▶ 34:50 Bootstrapping a Decacorn on $15k with Celonis CEO Alex Rinke
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