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[24]7.ai

27 statements across 2 episodes · 9 bullish · 1 bearish · 1 people on the record · first statement Sep 3, 2019 by PV Kannan · said 28 times in 2 episodes since 2019 · across every show →

Mentions by year

brought up most by Nathan Latka (25), PV Kannan (3)

tap a year for its mentions
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2022 15 mentions in 1 episode
2019 13 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about [24]7.ai, oldest first

Sep 3, 2019 neutral
Assertion Not checkable as stated
Kannan: [24]7.ai gross revenue churn is 8% to 10%
“The churn is about eight to 10%.”
PV Kannan Sep 3, 2019 ▶ 10:16 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 negative
Disclosure
Kannan: Security breach cost [24]7.ai its $400M revenue target
“We missed it because we had a, you know, security breach. So, you know, we have to like pause and our sales pipeline essentially vanished. So it took about a year to recover.”
PV Kannan Sep 3, 2019 ▶ 5:58 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019
Assertion Supported
Kannan: [24]7.ai raised just over $20M in total funding
“We raised over twenty million total.”
PV Kannan Sep 3, 2019 ▶ 4:09 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 positive
Disclosure
Kannan: [24]7.ai employs thousands of human agents to train its AI
“One of the secret sauce of what we do is we also employ human agents to teach AI. So, you know, we have a few thousand agents in that category as well.”
PV Kannan Sep 3, 2019 ▶ 7:35 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 positive
Disclosure
Kannan: [24]7.ai plans to pursue an IPO over a PE buyout
“I think, you know, an IPO is more kind of like what the team wants to do and what I would like to do. We've built the company for the long run. So it's not about, you know, get into some stage and get out.”
PV Kannan Sep 3, 2019 ▶ 12:22 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019
Assertion Not checkable as stated
Kannan: First-year customer contract value averages $250,000
“It may on an average 250,000.”
PV Kannan Sep 3, 2019 ▶ 2:07 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 positive
Assertion Not checkable as stated
Kannan: [24]7.ai operates at 10% profit margin, aiming for 20%
“Bottom line, steady state will get to 20%. We are not there yet. We are at about 10%.”
PV Kannan Sep 3, 2019 ▶ 14:14 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 bullish
Assertion Not checkable as stated
Kannan: [24]7.ai generates roughly $300M revenue across 150 enterprise customers
“We're serving over a 150 customers. And the company's roughly about three hundred million in revenues.”
PV Kannan Sep 3, 2019 ▶ 3:48 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019
Assertion Not checkable as stated
Kannan: Average customer contract value is $2M per year
“So our average is, to do that, it's about two million a year.”
PV Kannan Sep 3, 2019 ▶ 5:41 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 neutral
Disclosure
Kannan: [24]7.ai optimizes for a 12-month CAC payback period
“We are optimizing for a 12 month payback.”
PV Kannan Sep 3, 2019 ▶ 11:33 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Sep 3, 2019 neutral
Assertion Not checkable as stated
Kannan: [24]7.ai net revenue retention sits at about 100%
“Well, about a hundred percent.”
PV Kannan Sep 3, 2019 ▶ 10:11 1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale
Mar 24, 2022 bullish
Disclosure
Kannan: [24]7.ai founders and management prefer IPO over PE buyout
“I think, you know an IPO is more kind of like what the team wants to do and what I would like to do. And, you know, we've built the company for the long run, so it's not about, you know get into some stage and get out.”
PV Kannan Mar 24, 2022 ▶ 13:39 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 positive
Assertion Not checkable as stated
Kannan: [24]7.ai generates roughly $300M in annual revenue
“And the company is roughly about three hundred million in revenues.”
PV Kannan Mar 24, 2022 ▶ 4:42 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 positive
Disclosure
Kannan: Sequoia invested in [24]7.ai in 2003; Mike Moritz on board
“And then we did one round of funding with Sequoia in 2003. So Mike Moritz is on our board.”
PV Kannan Mar 24, 2022 ▶ 4:55 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 positive
Assertion Not checkable as stated
Kannan: [24]7.ai serves over 150 enterprise customers
“We're serving over a 150 customers.”
PV Kannan Mar 24, 2022 ▶ 4:40 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022
Assertion Not checkable as stated
Kannan: Security breach erased sales pipeline, stalling $400M revenue target
“We missed it because we had a, you know, security breach. So, you know, we have, we had to like pause and you know, our sales pipeline essentially vanished. So it took about a year to recover.”
PV Kannan Mar 24, 2022 ▶ 7:14 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022
Assertion Not checkable as stated
Kannan: [24]7.ai average first-year contract value is $250,000
“It may on an average, 250,000.”
PV Kannan Mar 24, 2022 ▶ 2:43 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 neutral
Assertion Not checkable as stated
Kannan: [24]7.ai maintains approximately 100% net revenue retention
“About a hundred percent.”
PV Kannan Mar 24, 2022 ▶ 11:05 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 neutral
Assertion Not checkable as stated
Kannan: [24]7.ai's gross revenue churn is 8% to 10%
“The churn is about eight to 10%.”
PV Kannan Mar 24, 2022 ▶ 11:11 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 neutral
Assertion Not checkable as stated
Kannan: [24]7.ai revenue was flat year-over-year at $300M
“We were about the same.”
PV Kannan Mar 24, 2022 ▶ 13:12 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 bullish
Prediction Not checkable as stated
Kannan: [24]7.ai's steady-state bottom-line margin will reach 20%
“Bottom line steady state will get to 20%. We are not there yet.”
PV Kannan Mar 24, 2022 ▶ 15:43 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 neutral
Assertion Not checkable as stated
Kannan: [24]7.ai currently operates at a 10% bottom-line margin
“And then we're at about 10%.”
PV Kannan Mar 24, 2022 ▶ 15:48 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022
Disclosure
Kannan: [24]7.ai employs thousands of human agents to train its AI
“We also have a services business. So, you know, one of the secret sauce of what we do is we also employ human agents to teach AI. So, you know, we have a few thousand agents in that, ah, you know, category as well.”
PV Kannan Mar 24, 2022 ▶ 9:02 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022
Disclosure
Kannan: [24]7.ai's technology team comprises roughly 800 people
“The technology side of the company is about 800 people.”
PV Kannan Mar 24, 2022 ▶ 8:55 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022
Assertion Not checkable as stated
Kannan: [24]7.ai's average customer spend is $2M per year
“So our average is, to do that, it's about two million a year, right? That's about 200,000 a month.”
PV Kannan Mar 24, 2022 ▶ 6:53 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 neutral
Disclosure
Kannan: [24]7.ai has raised over $20M in total venture capital
“We raised over twenty million total.”
PV Kannan Mar 24, 2022 ▶ 5:03 Latka IPO Watch: 24.7 About to File? A look back
Mar 24, 2022 neutral
Disclosure
Kannan: [24]7.ai optimizes for a 12-month CAC payback period
“We are optimizing for a 12 month payback.”
PV Kannan Mar 24, 2022 ▶ 12:40 Latka IPO Watch: 24.7 About to File? A look back
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