iWin

9 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Nov 18, 2024 by Justin Adams · said 9 times in 1 episodes since 2024 · across every show →

Mentions by year

brought up most by Pablo Srugo (7), Justin Adams (2)

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Everything said about iWin, oldest first

Nov 18, 2024
Assertion Supported
Adams: Aiwyn retains all five original co-founders four years after launch
“No, as of today, we still have all five co-founders.”
Justin Adams Nov 18, 2024 ▶ 17:22 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024 positive
Assertion Not checkable as stated
Adams: Aiwyn hit product-market fit at 30 accounting firm clients
“I would say it's at, it was the, you know, at the end of, you know, 21, when we had a call 30, 30, I mean, 30 firms. It was kind of enough critical mass that, you know, you knew you probably weren't just a flash in the pan.”
Justin Adams Nov 18, 2024 ▶ 43:52 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024
Disclosure
Adams: Aiwyn's $20M Series A included $15M primary and $5M secondary
“That Series A was about twenty million, and we did about 15. Again, I, I'm always dilution sensitive, and so, we did about 15 in primary, and then gave some early, our early friends and family had the option to sell, you know, at a nice return.”
Justin Adams Nov 18, 2024 ▶ 38:51 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024
Disclosure
Adams: Aiwyn raised a $14M seed round including convertible notes
“Yeah, it was 14 total but that included the convertible notes, so that included that friends and family round.”
Justin Adams Nov 18, 2024 ▶ 32:20 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024 positive
Assertion Not checkable as stated
Adams: Aiwyn cut one accounting firm's DSO from four months to two
“So, in one case we saw a firm's DSO drop in half. So, it went from, I'll call it, like, four months to two months.”
Justin Adams Nov 18, 2024 ▶ 27:51 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024
Disclosure
Adams: Aiwyn holds $20M in cash and will not raise again
“We have twenty million dollars on our balance sheet and I'm operating like we're not going to raise more, more money.”
Justin Adams Nov 18, 2024 ▶ 35:31 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024 positive
Assertion Not checkable as stated
Adams: Aiwyn patented a legacy ERP translation engine no competitor has replicated
“We had to invent a technology that could sit on top of these systems. And it's called a translation engine and we've patented it. And so we have a brilliant CTO who kind of figured out how to do this. And no one even to today, four years later has kind of figu…”
Justin Adams Nov 18, 2024 ▶ 23:08 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024 positive
Assertion Not checkable as stated
Adams: Aiwyn grew from $250K to $3M ARR in 2022
“In 2021, we went from zero to call it 250 K by the end of the year. And then 20 two, we went from two 50 to like three million.”
Justin Adams Nov 18, 2024 ▶ 33:24 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
Nov 18, 2024
Assertion Not checkable as stated
Adams: Aiwyn's average annual contract value is around $60,000
“About, I'd say now at this point, about 60 K.”
Justin Adams Nov 18, 2024 ▶ 29:36 He sold his 1st startup for 8 figures, grew his 2nd to $3M in a year—while battling panic attacks... · PMF Show
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