Numeric

11 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Oct 31, 2024 by Parker Gilbert · said 7 times in 2 episodes since 2024 · across every show →

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brought up most by Pablo Srugo (4), Parker Gilbert (3)

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Everything said about Numeric, oldest first

Oct 31, 2024 neutral
Disclosure
Gilbert: Menlo Ventures led Numeric's Series A as an existing SAFE investor
“Menlo Ventures led this round who was an existing investor on our cap table. So they had invested, you know, in the safe that we had raised prior.”
Parker Gilbert Oct 31, 2024 ▶ 34:45 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 positive
Insight
Gilbert: Founders Benefit from Being Intentionally Short-Sighted
“You know, I think there's a real, like a real kind of beauty to some extent in being short-sighted and just being able to really, really narrow down.”
Parker Gilbert Oct 31, 2024 ▶ 36:22 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 neutral
Assertion Not checkable as stated
Numeric received a preemptive seed term sheet after founders gave notice
“Very quickly after sort of giving notice, got an investor gave us a term sheet preemptively to go lead That round.”
Parker Gilbert Oct 31, 2024 ▶ 10:41 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 neutral
Disclosure
Gilbert: Numeric priced early contracts from hundreds to low thousands monthly
“A ballpark, like a thousand a month, you know, a hundreds of dollars a month into thousands, like just depending on the rough sort of size, but we kept everything really simple, really Clean. They were all just like yeah, sort of, you know, hundreds to like ma…”
Parker Gilbert Oct 31, 2024 ▶ 21:29 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 negative
Insight
Gilbert: CFO Offices Resist Early-Stage Startups Due to Compliance Risks
“Selling into the office of the CFO is not necessarily a place where like is just riddled with early adopters who want to go work with a five person startup. That's like not, you know, this is, you know, there's real risk, real compliance, real importance of ma…”
Parker Gilbert Oct 31, 2024 ▶ 25:10 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 bullish
Assertion Not checkable as stated
Gilbert: Numeric has hundreds of companies using its product
“We have hundreds of companies that use the product today.”
Parker Gilbert Oct 31, 2024 ▶ 33:11 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 positive
Disclosure
Numeric rejected annual upfront contracts in favor of monthly billing
“We had plenty of customers who wanted to pay us for a year and we would go back and say, nope, like we, here's what we use to sign up customers today. It is a monthly agreement with this price tag and everyone conforms to that today.”
Parker Gilbert Oct 31, 2024 ▶ 17:53 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 positive
Insight
Gilbert: Month-to-month SaaS contracts force startups to fix churn immediately
“I think everyone, it's very easy to sort of rationalize why you're going to fix a churn problem a year from now and not do anything about it. You know, as much as like, as much as you'd like to think, like you could look at the data, you could look at the metr…”
Parker Gilbert Oct 31, 2024 ▶ 18:10 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 positive
Assertion Not checkable as stated
Gilbert: Numeric had paying customers before founders quit full-time jobs
“We signed up some customers, built a prototype, and they started using the product and then wanting things. And, you know, I think my, you know, Andrew, my technical co-finder felt the brunt of it. I mean, he was responsible for maintaining a product that peop…”
Parker Gilbert Oct 31, 2024 ▶ 9:03 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024
Disclosure
Gilbert: Numeric kept its team to four to six people for its first year
“And so for the first, probably close to a year of the company, I couldn't give you the exact months, but Probably close to a year. It really was a team of four or five, maybe six people max where it was, you know we were just solely focused on having this earl…”
Parker Gilbert Oct 31, 2024 ▶ 12:31 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
Oct 31, 2024 neutral
Assertion Not checkable as stated
Numeric interviewed 30 to 40 accounting teams in two months for validation
“My instinct is, is we probably talked with Somewhere from 30 to 40 different accounting teams over the course of, you know, two months, something like that ballpark.”
Parker Gilbert Oct 31, 2024 ▶ 8:15 This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Park... · PMF Show
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