Compliable

12 statements across 1 episodes · 3 bullish · 0 bearish · 2 people on the record · first statement Sep 24, 2021 by Chris Ultian · said 21 times in 1 episodes since 2021 · across every show →

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brought up most by Nathan Latka (21)

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Everything said about Compliable, oldest first

Sep 24, 2021
Disclosure
Compliable raised $1.7M post-pivot and nears a $3M round
“So last year on this pivot, after September, we raised 1.7. And we're actually very close to closing another three right now.”
Chris Ultian Sep 24, 2021 ▶ 5:21 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 neutral
Disclosure
Compliable charges major betting operators $5,000 to $10,000 monthly
“So a major operator would probably be around five to 10 K a month for the smaller groups. That's about a thousand a month.”
Chris Ultian Sep 24, 2021 ▶ 4:11 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 neutral
Assertion Not checkable as stated
Compliable is raising capital at a $12M valuation with $160K ARR
“You're at 160,000 dollars in ARR. You're raising a twelve million dollar valuation.”
Nathan Latka Sep 24, 2021 ▶ 14:52 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 bullish
Prediction Not checkable as stated
Ultian: State licensing infrastructure market opportunity will close in eight months
“If we can get out there ahead of that change, if we can be the provider for the states themselves to be able to grant licenses, that puts us in a pretty unassailable position, and that opportunity will exist for the next six to eight months.”
Chris Ultian Sep 24, 2021 ▶ 11:23 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 positive
Disclosure
Compliable counts sports betting startup Sporttrade as a paying customer
“One of the operators sport trade is the startup in the space. And we're working with another major operator that we can't name publicly yet, but you know those are your sports books.”
Chris Ultian Sep 24, 2021 ▶ 1:55 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 positive
Disclosure
Compliable secured pilot users in 2020 and booked first revenue in 2021
“September, we didn't have a product. We just had an idea. We got people to sign on to a pilot by November. We had people running through the product. And we actually booked our first revenue July last month.”
Chris Ultian Sep 24, 2021 ▶ 8:54 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021
Disclosure
Compliable raised its $1.7M seed round at a $6.5M pre-money valuation
“The first round right after tech stars was the four million pre money price round. Then we did for the 1.7, that was 6.5.”
Chris Ultian Sep 24, 2021 ▶ 9:51 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 neutral
Disclosure
Compliable co-founders collectively own about 15% equity in the company
“So we haven't allocated the full employee options and the co-founders together have about 15 between them right now.”
Chris Ultian Sep 24, 2021 ▶ 14:19 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 neutral
Disclosure
Compliable created a 12% employee option pool and has half remaining
“Oh, we started at 12% with last round, and we've been giving it away steadily since, but we have about half of it left, so.”
Chris Ultian Sep 24, 2021 ▶ 13:15 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 neutral
Disclosure
Compliable charges vendor affiliates $7,000 annually under beta pricing
“So we sell those kind of on an annualized basis 7000 dollars a year is currently our beta pricing for it, and companies that want to work with these sportsbooks pay us that, and that's the annual fee.”
Chris Ultian Sep 24, 2021 ▶ 3:39 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021 neutral
Disclosure
Ultian expects to retain roughly 30% equity after closing $3M round
“I think I'll be at roughly 30%.”
Chris Ultian Sep 24, 2021 ▶ 12:53 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
Sep 24, 2021
Disclosure
Ultian took majority equity for funding early expenses and deferring salary
“When we started this way back when it was on an idea that I had brought in the initial capital and pretty much took no salary in order to make things work while we had a consulting gig that kept the doors open and the lights on, and was able to divert a lot of…”
Chris Ultian Sep 24, 2021 ▶ 6:50 They Help Companies like Fan Duel Stay Compliant, Raising $3m on $150k of ARR
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