The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lemkin: ServiceTitan terminated Podium integration impacting 1,000 shared customers
“That worked great for years until Service Titan shut them off the other day, shut them off after all these years with a thousand joint customers.”
Biestman: ServiceTitan actively prepared for a Q1 or Q2 2022 IPO
“We were actually in the process of trying to take the company public. In Q one or Q two of 20, 22.”
Lemkin: ServiceTitan will probably be the first SaaS IPO of 2024
“I think that'll be the first SAS IPO of 20, 24.”
Biestman: The US trades industry exceeds $1T in gross transaction volume
“And then when I sized the industry and saw that it did over a trillion dollars just domestically in gross transaction volume, I said, there's a huge opportunity.”
Biestman: A VC who lost ServiceTitan's Series A later became its CBO
“And interestingly, that individual did not get the series eight funding, but. He today is the chief business officer at Service Titan seven years later. That's not me, but that's one of my teammates.”
Biestman: ServiceTitan generated under $30M ARR when he joined in 2018
“Okay, so I'm employee number three, five, four, three, 54. We were a series B company doing less than thirty million dollars in ARR”
Biestman: ServiceTitan currently trades at approximately an $11B market cap
“According to 30 minutes ago, I think it's about eleven billion.”
Biestman: ServiceTitan has over 3,000 employees and $770M in revenue
“We're over 3000 people today, and based on the last earnings call, we did just north of seven hundred and seventy million in revenue.”
Ferrara: ServiceTitan scored an 8.3 GRIT rating driven by 3.4x efficiency
“So Service Titan, ah, over indexed on efficiency with a 3.4 X score. They underindexed a little bit on net retention at around 90%. So with 200% growth, and again, two years of cash in the bank, they had a very similar grit score of about 8.3.”