Arkadium

7 statements across 1 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Dec 3, 2020 by Nathan Latka · said 18 times in 1 episodes since 2020 · across every show →

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brought up most by Nathan Latka (18)

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Everything said about Arkadium, oldest first

Dec 3, 2020 neutral
Assertion Not publicly verifiable
Latka: Arkadium raised at $20M valuation on $12M revenue in 2013
“You raised in 2013 at about a 1.7 X kind of multiple twelve million in revenue, twenty million pre-money valuation.”
Nathan Latka Dec 3, 2020 ▶ 20:38 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Dec 3, 2020
Assertion Not checkable as stated
Rovello: Arkadium reached approximately $15M in revenue in 2018
“2018. We were in the fifteen million dollar, just around 15.”
Jessica Rovello Dec 3, 2020 ▶ 11:58 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Dec 3, 2020
Assertion Supported
Rovello: Casual mobile games cost studios upwards of $1M to make
“Games, I mean, even casual games that people play on their mobile phones can cost upwards of a million dollars for a studio to make, if not more.”
Jessica Rovello Dec 3, 2020 ▶ 5:22 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Dec 3, 2020 positive
Assertion Not checkable as stated
Rovello: Arkadium bought out its VC investors for over $5M
“It was more than they put in.”
Jessica Rovello Dec 3, 2020 ▶ 14:55 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Dec 3, 2020
Assertion Not checkable as stated
Rovello: Arkadium had no revenue for three years before hitting $600K
“I mean, we didn't have revenue for the first three years, I would say. Yeah, first two to three years, no revenue. And then when probably in the third or fourth year that we actually started making revenue, and then it scaled fairly quickly. Probably the first…”
Jessica Rovello Dec 3, 2020 ▶ 2:45 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Dec 3, 2020
Disclosure
Rovello: Arkadium historically maintained 10% to 20% EBITDA margins
“We've always done somewhere between, I would say, 10 and 20% EBITDA margins.”
Jessica Rovello Dec 3, 2020 ▶ 7:47 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Dec 3, 2020 positive
Assertion Not checkable as stated
Rovello: Raising Series A with significant cash enabled future buyout terms
“We were not in a place where we raised when we were at less than zero. We already had significant cash on the balance sheet when we raised, and that's how we were able to raise on terms that allowed us to eventually put us in a position to buy out our series A…”
Jessica Rovello Dec 3, 2020 ▶ 20:23 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
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