PeopleGrove

11 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Apr 19, 2019 by Adam Sabin · said 12 times in 1 episodes since 2019 · across every show →

Mentions by year

brought up most by Nathan Latka (12)

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2019 12 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about PeopleGrove, oldest first

Apr 19, 2019
Assertion Not checkable as stated
PeopleGrove contracts range from $15K to six figures per year
“We've got initial contract size, and you know, you have 15 to 20 K per year, all the way up to six digits now.”
Adam Sabin Apr 19, 2019 ▶ 3:25 1364 Are you being acquired? "No comment"
Apr 19, 2019 neutral
Assertion Not checkable as stated
PeopleGrove was at $1M ARR in August 2017
“At one.”
Adam Sabin Apr 19, 2019 ▶ 6:00 1364 Are you being acquired? "No comment"
Apr 19, 2019 positive
Assertion Not checkable as stated
PeopleGrove maintains 96% logo retention, with only four churned customers
“Customer logos, 96%. So of our 170, I think four total have churned.”
Adam Sabin Apr 19, 2019 ▶ 10:35 1364 Are you being acquired? "No comment"
Apr 19, 2019 positive
Assertion Not checkable as stated
PeopleGrove's cash balance equals the exact amount raised a year prior
“Like cash balance wise, the amount of money we raised a year ago is the exact balance we have today.”
Adam Sabin Apr 19, 2019 ▶ 9:51 1364 Are you being acquired? "No comment"
Apr 19, 2019 neutral
Assertion Not checkable as stated
PeopleGrove was down to $20K in the bank before closing Stanford
“We had our initial convertible notes at 500 K. We were down to 20 K in the bank.”
Adam Sabin Apr 19, 2019 ▶ 8:07 1364 Are you being acquired? "No comment"
Apr 19, 2019 neutral
Disclosure
PeopleGrove is not seeking outside capital due to a strong cash balance
“We haven't sought it. Right now the cash balance is good. And we have all the incentive in the world to just keep growing the business organically if we have the cash.”
Adam Sabin Apr 19, 2019 ▶ 13:45 1364 Are you being acquired? "No comment"
Apr 19, 2019 neutral
Assertion Supported
PeopleGrove has raised $2.5M in total funding
“So I have this whole other story of a failed company, but this particular one see around was 1.8. And then we had some convertible notes. So a 2.5 total.”
Adam Sabin Apr 19, 2019 ▶ 6:32 1364 Are you being acquired? "No comment"
Apr 19, 2019 bullish
Assertion Not checkable as stated
PeopleGrove approaches $4 million in ARR
“Oh, you know, running towards four.”
Adam Sabin Apr 19, 2019 ▶ 5:48 1364 Are you being acquired? "No comment"
Apr 19, 2019 neutral
Assertion Contradicted
PeopleGrove operates without a VP of Sales or Customer Success
“We don't have a VP of sales. We don't have a VP of customer success.”
Adam Sabin Apr 19, 2019 ▶ 14:20 1364 Are you being acquired? "No comment"
Apr 19, 2019 positive
Assertion Not checkable as stated
PeopleGrove generated over $500K in expansion revenue against $50K churn
“While the logos we churn represented about 50 K of ACV, our expansion revenue has been over 500 K.”
Adam Sabin Apr 19, 2019 ▶ 10:55 1364 Are you being acquired? "No comment"
Apr 19, 2019 positive
Assertion Not checkable as stated
PeopleGrove reaches 170 institutional customers
“A 170 institutions.”
Adam Sabin Apr 19, 2019 ▶ 4:58 1364 Are you being acquired? "No comment"
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