Luke Shepard

1 appearance on the record.

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While studying business at Brigham Young University, Luke Sheppard founded Revive Ratings, a marketing SaaS platform built for insurance agencies. At age 23, after operating the company for just over two years, he exited by selling the business on Acquire.com.

8statements → 4claims → 0claims resolved → 3.88/5average certainty → 1.62/5average debate potential → 1said about them ↓

4 not checkable as stated how the 4 claims stand · each chip opens the sources

4 assertions · 2 insights · 2 disclosures · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 0 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Luke argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Luke Shepard on measured tape to publish a rate. This says nothing about how they speak.

What they said8 What others said1 Episodes1

Everything Luke Shepard said on Startup Acquisition Stories that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight

Shepard: SaaS is valued on profitability and founder independence, not revenue

“I feel like we're always told when you start a SaaS business, like, oh, you're going to be valued off of profit, off of revenue, right? You're going to get three to five times whatever your revenue is and, like, just, I mean, yeah, that's true in some cases, a…”

Luke Shepard Mar 26, 2024 ▶ 7:16 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Insight

Shepard: Insurance agencies are easy cold targets because owner names are public

“Insurance agencies, We're the easiest clientele to start with because I started without, like, knowledge of, like, Apollo or Seamless or ZoomInfo, so I don't know how to find people's names online. So if you look it up, just look up insurance agencies near me,…”

Luke Shepard Mar 26, 2024 ▶ 2:36 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Assertion Not checkable as stated

Shepard: Zero-revenue software built for $60k sells on Acquire for $10k

“Acquire has a bunch of these listings from people that like make zero in revenue. So they just don't make anything. And they're like trying to sell these products that are like super high end of probably cost about 50, 60 grand to build for like 10,000 dollars…”

Luke Shepard Mar 26, 2024 ▶ 32:34 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Assertion Not checkable as stated

Shepard: Revive Ratings acquired its first 200 customers via cold calling

“Yeah, that was all, that was our first 200 customers. Yeah, so all cold called.”

Luke Shepard Mar 26, 2024 ▶ 3:13 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Assertion Not checkable as stated

Shepard: 95% of competitor CEOs agreed to meet with college founder

“The other cool thing about college is, like, kind of like the secret is you just no one sees you as a threat, right? So I would actually, like, spend, like, probably, like, 30 minutes a week just messaging competitors on LinkedIn, their CEOs and stuff, and lik…”

Luke Shepard Mar 26, 2024 ▶ 5:08 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Assertion Not checkable as stated

Shepard: First acquisition deal collapsed due to buyer lacking funds

“He didn't have the money that he said that he did. And so it kind of the later acquisition about two months, which, you know, looking back, it's like, you know, kind of a drop in the bucket, right?”

Luke Shepard Mar 26, 2024 ▶ 11:34 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Disclosure

Shepard: Revive Ratings sold for $500K with a 90-day SBA loan process

“So I think in total it ended up taking, like, Almost 90 days to get it all the way processed. And, like, we weren't, like, a huge acquisition, you know? Like, 500 grand is, it's good, but, like, Acquire.com is selling much bigger deals, but the SBA loan just t…”

Luke Shepard Mar 26, 2024 ▶ 13:40 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Disclosure

Shepard would pay 2% higher interest to avoid SBA loans

“Okay, but I did, I told myself, ah, if I got to pay an extra two percent interest rate, I'll do that to avoid an SBA next time when I made an acquisition.”

Luke Shepard Mar 26, 2024 ▶ 14:40 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

The other half of the tape: Luke Shepard's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →

Statements about Luke Shepard, by other people (1)

Assertion Open · timeframe Mar 2027

Gazdecki: Luke Shepard sold his startup for $500,000 at age 23

“He recently got acquired for half a million bucks at age 23.”

Andrew Gazdecki Mar 26, 2024 ▶ 0:27 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings

Appearances (1)

Episode	Date	Speaking time
Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings	Mar 26, 2024	15m

Luke Shepard

The record, in short

How they sound: not measured why? →

Statements about Luke Shepard, by other people (1)

Appearances (1)

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