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Enact Systems

also referred to as: enact

14 statements across 1 episodes · 7 bullish · 1 bearish · 2 people on the record · first statement Dec 20, 2021 by Deep Chakraborty · said 11 times in 1 episodes since 2021 · across every show →

Mentions by year

brought up most by Nathan Latka (7), Deep Chakraborty (4)

tap a year for its mentions
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0112021episodes it came up in
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2021 11 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Enact Systems, oldest first

Dec 20, 2021 positive
Assertion Not checkable as stated
Sixteen of Enact's 18 employees are engineers
“Of the, well, I would say of the 18, 16 are engineers.”
Deep Chakraborty Dec 20, 2021 ▶ 15:02 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 negative
Opinion
Latka: 50% YoY growth is terrible for a VC-backed SaaS startup
“At your stage, growing 50% year over year, And you're on the VC track. That's not a good growth rate. That's the, that's a really bad growth rate. Actually, you should be doubling or tripling year over year.”
Nathan Latka Dec 20, 2021 ▶ 12:06 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021
Assertion Not checkable as stated
Enact serves over 100 enterprise customers and 1,000 active users
“So we have over a hundred enterprises in 23 countries and thousand plus users, users meaning people who actually log in and do work on it.”
Deep Chakraborty Dec 20, 2021 ▶ 2:52 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 positive
Assertion Not checkable as stated
Enact crossed 1,000 residential end-user homes in Q3 2021
“Yeah, we have crossed a thousand homes last quarter in Q three.”
Deep Chakraborty Dec 20, 2021 ▶ 4:14 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 neutral
Assertion Supported
One of Enact's competitors raised $321M in venture capital
“One of our competitors has raised three hundred and twenty one million.”
Deep Chakraborty Dec 20, 2021 ▶ 11:50 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 positive
Assertion Not checkable as stated
Enact founders and employees own over 60% of the company
“But I will say that no, our founders and employees together, we are well above 60% total.”
Deep Chakraborty Dec 20, 2021 ▶ 16:50 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 neutral
Assertion Contradicted
Enact built its business without venture capital or institutional funding
“We're still bootstrapped. There's no venture investor on this. We are not institutionally funded.”
Deep Chakraborty Dec 20, 2021 ▶ 5:20 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 neutral
Assertion Not checkable as stated
Enact operates with 18 employees across California and India
“We are only 18 employees, seven in California and 11 in India.”
Deep Chakraborty Dec 20, 2021 ▶ 14:55 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 neutral
Disclosure
Enact reached $4M in cumulative revenue on $3.5M in equity
“We have also generated four million dollars of revenue while we raised four million dollars of capital under, I want to correct you there. We have raised three point. Five is equity, and one million is grant.”
Deep Chakraborty Dec 20, 2021 ▶ 11:34 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 positive
Assertion Not checkable as stated
Enact grew revenue by approximately 40% in 2021
“We are much lower, probably like we've grown about 40% this year.”
Deep Chakraborty Dec 20, 2021 ▶ 5:10 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 positive
Assertion Not checkable as stated
Enact acquired over 100 enterprise customers with only three sales reps
“We have, you know, three people selling in the company, including me. One, of course, is myself. You're looking at him. One in the US and one in India. With three people, we have gotten over a hundred customers.”
Deep Chakraborty Dec 20, 2021 ▶ 17:42 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 positive
Assertion Not publicly verifiable
Enact raised nearly $100K on StartEngine in two weeks
“I think we have already raised almost a hundred K on start engine in two weeks.”
Deep Chakraborty Dec 20, 2021 ▶ 8:40 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021 positive
Assertion Not checkable as stated
Enact hit a $1M annual revenue run rate in 2021
“I don't want to disclose our revenues, but I will say that we are right now around a million dollar a year run rates in revenue and it's growing rapidly, especially the last 18 months.”
Deep Chakraborty Dec 20, 2021 ▶ 4:52 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
Dec 20, 2021
Assertion Not checkable as stated
Enact manages over $1.5B in solar projects across 23 countries
“So next platform processes over one and a half billion dollars of projects now for solar and storage across the world in 23 countries. And we have deployed over three gigawatts of projects we always measure in terms of capacity.”
Deep Chakraborty Dec 20, 2021 ▶ 1:11 100 Solar Panel Firms Pay $83k/mo To Manage $1.5b in Projects on Enact
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