Sastrify

12 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Jan 13, 2022 by Sven Lackinger · said 13 times in 2 episodes since 2021 · across every show →

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brought up most by Nathan Latka (13)

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2022 12 mentions in 1 episode
2021 1 mention in 1 episode

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Everything said about Sastrify, oldest first

Jan 13, 2022 neutral
Disclosure
Sastrify's $7M seed round included no secondary share sales
“No, that was all going on the balance sheet.”
Sven Lackinger Jan 13, 2022 ▶ 11:43 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 bullish
Disclosure
Sastrify reached over 70 customers in its first year of operations
“Around 70. A bit more than that.”
Sven Lackinger Jan 13, 2022 ▶ 7:04 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 neutral
Disclosure
Sastrify scaled to approximately 53 employees by January 2022
“I think in total, we're about 53 right now.”
Sven Lackinger Jan 13, 2022 ▶ 12:10 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 positive
Assertion Not checkable as stated
Sastrify saves enterprise clients 3x to 4x ACV within weeks
“Typically like within like the first couple of couple of weeks, actually we saved them like three, four times of that.”
Sven Lackinger Jan 13, 2022 ▶ 6:39 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022
Disclosure
Fully ramped Sastrify Account Executives target $500,000 in annual recurring revenue
“So once they're fully ramped it's also something like one to two customers a month which gives you like a total of about 500 K AR.”
Sven Lackinger Jan 13, 2022 ▶ 16:51 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 negative
Assertion Supported
German ESOP norms typically force founders to absorb all initial dilution
“So we made one with 15% of the original cap table at the beginning, which is again, which we also found and which we're changing now is that for some reason, it's very typical in Germany that you set it up that the original visa goes only towards the founder p…”
Sven Lackinger Jan 13, 2022 ▶ 10:59 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 neutral
Assertion Not checkable as stated
Sastrify's average contract value is approximately $25,000
“Our ACV is around like 25, 25 K more or less.”
Sven Lackinger Jan 13, 2022 ▶ 4:02 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 positive
Disclosure
Sastrify expanded its sales team from three to 11 in eight weeks
“We just did a split of SDRs and AEs and in total we have about 10 now, 11 up from three, eight weeks ago.”
Sven Lackinger Jan 13, 2022 ▶ 15:54 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022
Disclosure
Sastrify's founding cap table included 5% cross-investments with former co-founders
“So all of the other two got five percent each on Sastrify. And we did the same thing with their new business. So we kind of like cross-invested each five percent at the beginning. So the original cap table was basically 45, 45, and then five twice for the othe…”
Sven Lackinger Jan 13, 2022 ▶ 3:07 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 neutral
Disclosure
Sastrify relies on process efficiency over bulk purchasing leverage
“Yeah, we actually don't do that on a bulk level because we see that there's actually more in the, more of what we do comes from the efficiency of just doing it more often than once.”
Sven Lackinger Jan 13, 2022 ▶ 14:46 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 positive
Assertion Not checkable as stated
Competitor Vendr raised its early 2021 round at a 100x ARR multiple
“Well, it's from what I know, it's about a hundred X on the AR. So I guess that's quite the, quite what we see everywhere at the moment. So I'm not that surprised. And frankly, they're doing a really great job there.”
Sven Lackinger Jan 13, 2022 ▶ 13:23 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
Jan 13, 2022 negative
Insight
Founders should avoid launching fundraising rounds in July
“And one thing that we also did, which was not smart was we raced in July which I cannot recommend to every anyone because apparently people love to do holidays in August.”
Sven Lackinger Jan 13, 2022 ▶ 9:07 Sastrify Raises $7m at $34m Valuation, $1.6m Revenue in 10 Months
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