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Aptem

10 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Nov 1, 2023 by Richard Olberg · said 13 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Nathan Latka (7), Richard Olberg (6)

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0112023episodes it came up in
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2023 13 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Aptem, oldest first

Nov 1, 2023 positive
Assertion Not checkable as stated
Aptem experienced 2.3% gross revenue churn last year
“2.3 was last year's churn in financial terms.”
Richard Olberg Nov 1, 2023 ▶ 8:48 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 neutral
Disclosure
Aptem's typical customer spends £40k to £50k annually
“A large customer will spend a couple of 100,300 thousand a year with us, a small customer, maybe 10,000 a year with us, and a sort of typical customer, 40 to 50,000 a year with us.”
Richard Olberg Nov 1, 2023 ▶ 4:15 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 bullish
Assertion Supported
Olberg grew his previous startup Corndel to £20M revenue in three years
“So in fact, I set up a training company with a partner who was our first customer. And we grew that to be the fastest growing training company in the country. We grew it to over twenty million in revenues in three years.”
Richard Olberg Nov 1, 2023 ▶ 16:23 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 positive
Assertion Not checkable as stated
Aptem reaches approximately $8 million in ARR
“Dollars were about eight million-ish.”
Richard Olberg Nov 1, 2023 ▶ 7:43 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023
Disclosure
Aptem raised its August 2022 round at a sub-$40M pre-money valuation
“So the last valuation was just shy of forty million, just under forty million.”
Richard Olberg Nov 1, 2023 ▶ 18:52 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 bullish
Assertion Not checkable as stated
Olberg: Aptem is the UK's largest vocational training software provider
“There are 40 universities in this country who use our technology. We are the largest provider in the UK of technology for this type of training.”
Richard Olberg Nov 1, 2023 ▶ 3:25 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 neutral
Disclosure
Olberg personally invested $1.5M into Aptem before raising institutional capital
“No, I put about one and a half million in.”
Richard Olberg Nov 1, 2023 ▶ 15:21 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 positive
Assertion Not checkable as stated
Aptem achieved over 50% YoY growth for four consecutive years
“Put it this way, we have for the last four years done over 50% year-on-year growth.”
Richard Olberg Nov 1, 2023 ▶ 7:57 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 bullish
Prediction Not checkable as stated
LLM upselling could potentially double Aptem's business
“So we are seeing that as potentially doubling our business just through selling more to the customers we've got.”
Richard Olberg Nov 1, 2023 ▶ 20:32 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
Nov 1, 2023 neutral
Disclosure
Aptem has raised $8M to $9M in funding to date
“We've raised about eight or nine million.”
Richard Olberg Nov 1, 2023 ▶ 14:34 He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation
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