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Fond

14 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Feb 25, 2018 by Taro Fukuyama · said 18 times in 1 episodes since 2018 · across every show →

Mentions by year

brought up most by Nathan Latka (18)

tap a year for its mentions
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2018 18 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Fond, oldest first

Feb 25, 2018
Assertion Not checkable as stated
Fukuyama: 90% of lost prospects do nothing instead of choosing competitors
“Mainly, 90% of companies who don't end up working with us typically don't end up doing anything. So, biggest competitor, it's not direct competitors.”
Taro Fukuyama Feb 25, 2018 ▶ 7:09 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Assertion Not checkable as stated
Fukuyama: Fond secured its first sale with only an idea PDF
“We had only PDF of the idea.”
Taro Fukuyama Feb 25, 2018 ▶ 11:37 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Disclosure
Fukuyama: Fond has raised around $24 million so far
“We have raised around twenty four million so far.”
Taro Fukuyama Feb 25, 2018 ▶ 6:38 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Disclosure
Fukuyama: Fond expands via multi-product lineups rather than going upmarket
“Our strategy is less for going to the market, more so to expand to the more product lineups so that, that's why we added second and third product recently.”
Taro Fukuyama Feb 25, 2018 ▶ 14:13 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Insight
Focusing on logo churn over revenue churn misleads enterprise SaaS companies
“Focusing on logo churn could kill us to, you know, focus on the wrong thing, so we tend to focus on the revenue side.”
Taro Fukuyama Feb 25, 2018 ▶ 12:58 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Disclosure
Fukuyama: Fond targets a 12 to 24 month CAC payback period
“We're just trying to stay within like 12 to 24 months range.”
Taro Fukuyama Feb 25, 2018 ▶ 14:28 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Disclosure
Fukuyama: Fond spent over $1 million on marketing in the past year
“It's about the line. I think a little more than that, but we're trying to get aggressive on the marketing expansion side just to make sure that we are you know, the leader of the market.”
Taro Fukuyama Feb 25, 2018 ▶ 16:05 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018 neutral
Assertion Not checkable as stated
Fond's average customer size is approximately 500 employees
“Yeah, most like 500 employees as a company is the average that we see.”
Taro Fukuyama Feb 25, 2018 ▶ 4:47 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Assertion Not checkable as stated
Fukuyama: Fond targets monthly revenue churn of around 1%
“Right now on the monthly basis, we try to stay around one percent on the monthly revenue side, and as long as we can keep the range, then I think we're pretty on a good path.”
Taro Fukuyama Feb 25, 2018 ▶ 13:19 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018 neutral
Disclosure
Fond is currently fundraising and keeping revenue numbers private
“Yeah, we're a little sensitive right now for the funding, so if you could keep the, if you could not touch about the revenue, that'd be helpful.”
Taro Fukuyama Feb 25, 2018 ▶ 5:55 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018
Disclosure
Fond charges companies roughly $5 per employee monthly
“How we make money is we charge a fee from company based on the company size. So we typically charge around five dollar per employee per month.”
Taro Fukuyama Feb 25, 2018 ▶ 2:01 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018 neutral
Assertion Not checkable as stated
Fond serves over 1,000 companies on its platform
“Roughly over a thousand company right now.”
Taro Fukuyama Feb 25, 2018 ▶ 4:30 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018 neutral
Assertion Not checkable as stated
Fukuyama: Fond pivoted seven times in its first month at YC
“We actually changed seven times in the first month of the batch which was three month batch of programs.”
Taro Fukuyama Feb 25, 2018 ▶ 8:14 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
Feb 25, 2018 positive
Assertion Not checkable as stated
Salesforce is one of Fond's largest customers
“Salesforce is one of our largest customers.”
Taro Fukuyama Feb 25, 2018 ▶ 2:23 946 He Changed Ideas 7 Times at Y Combinator, Now 500,000 Employees More Engaged Because of Him
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