Eudia

“Yeah, we raised a small, like, well, not small by all standards, but like a six million dollar seed round. That was Mike Maples, who's a longtime mentor, and back to my last company, you know, he basically not only funded this when it was like an idea on a nap…”

“We were suddenly signing up their customers at sales cycles that were like 50, 80% faster than if we'd gone to one of those customers on our own.”

“In the last 12 months we went from two to twenty million ARR.”

“Since we launched our AI native law firm, there's been like a dozen people who are now doing this and it's obviously becoming like a more and more crowded space.”

“Both with TextIQ, my last company and with UDM, my current company, we've gotten 90% of our customers from cold emails that I've sent.”

“It's a legal services company. They have legal professionals who are acting as an extension of the in-house teams of OpenAI, Stripe, Citibank.”

“We even paid a 100,000 dollars to our law firms for our series A legal documents, right? And I now know that work can be done for a thousand dollars.”

“Towards the end of 24. And then we did it in two tranches. So the first tranche was like thirty million more for just purely supporting the organic growth.”

“The first 18 months, to be clear, we were actually only doing the internal stuff, and then we created and launched the law firm, and that was an accelerant.”

“First year, only 10 customers. Second year, we expanded it to 20. And then in September of this past year, we were like, okay, we're now seeing across all 20 a lot of repeatability, and it's basically the same platform and the same solutions that are now scali…”

“What I've seen for the in-house enterprise legal team, which is where we've only ever sold, we haven't sold to law firms, is There's a high standard deviation, but call it roughly 50% of the budget goes to law firms, 50% goes to the internal headcount, right, …”

“We hit a million ARR right around six months.”

“Within three weeks, we were seeing these like crazy performance improvements from like 50 to 95% F one score and efficiency gains that were very palpable.”