Mike Burton

9 statements across 2 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Mar 5, 2025 by Mike Burton · across every show →

On the record as a speaker too: Mike Burton's record, appearances and statements → this page counts the times other people say the name.

Everything said about Mike Burton, oldest first

Mar 5, 2025 positive

Assertion Supported

Burton: Lockstop gets two months of battery life on a self-contained unit

“This is entirely standalone. It has its own battery in there. We do GSM connectivity. All of that is self-contained in this device, and we use a lo-fi Bluetooth chip that allows us to get two months of battery right now, and we're adding a solar trickle charge…”

Mike Burton Mar 5, 2025 ▶ 8:49 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025 positive

Assertion Open · timeframe Mar 2028

Burton: Lockstop's chain takes 65 seconds to cut through

“So it'll take us a 65 seconds to cut through the lock, or the chain, rather.”

Mike Burton Mar 5, 2025 ▶ 20:39 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025 neutral

Disclosure

Burton: Lockstop Does Not Anticipate Raising a Series A

“We don't anticipate raising a Series A.”

Mike Burton Mar 5, 2025 ▶ 28:59 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025 bullish

Assertion Not checkable as stated

Burton: Lockstop has gotten a yes from every door pitched

“We've not gone into one door that we haven't walked out with a yes.”

Mike Burton Mar 5, 2025 ▶ 42:07 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025

Disclosure

Burton: Lockstop charges cities a one-time fee per device and provides monthly data

“So now we charge the cities, Because what we're able to do with the cities, Jesse, is they install these devices, and now they get access to those mobility insights that don't exist anywhere else. So we sell into the city, each individual device, we do a one-t…”

Mike Burton Mar 5, 2025 ▶ 6:52 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025 bullish

Prediction Not checkable as stated

Burton: Lockstop expects to break even within 24 months

“In 24 months is when we expect to hit our break-even point, and so that 1.5 takes us all the way to that position where we're generating our own revenue and we're floating our own boat.”

Mike Burton Mar 5, 2025 ▶ 28:28 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025 neutral

Assertion Contradicted

Burton: Recovered Stolen Bikes Lack Owner Identification

“Because a large majority of stolen bikes are recovered. They just have no way to associate them with an owner.”

Mike Burton Mar 5, 2025 ▶ 19:17 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Mar 5, 2025 neutral

Assertion Supported

Burton: Only half of bike thefts are reported and 5% returned

“Only half of bike thefts are actually reported. Because only five percent of those bikes were returned.”

Mike Burton Mar 5, 2025 ▶ 18:56 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

Jun 25, 2025 positive

Disclosure

Lockstop raises $50K angel check with $300K-$400K in sight

“So we've taken an additional 50 K and we have a line of sight from two separate investors right now, a 150 to 200 a piece.”

Mike Burton Jun 25, 2025 ▶ 8:53 Season 13 Finale: Who Needs VC Anyway?

Mike Burton

Everything said about Mike Burton, oldest first

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