Sift Science

10 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Jan 28, 2018 by Jason Tan · across every show →

Everything said about Sift Science, oldest first

Jan 28, 2018
Assertion Not checkable as stated
Tan: Sift Science maintains an LTV to CAC ratio over 3:1
“I think that our LTVCAC is more than three to one.”
Jason Tan Jan 28, 2018 ▶ 10:51 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018 bullish
Assertion Not checkable as stated
Sift Science has more than doubled revenue annually for past few years
“We've been more than doubling our revenue for the last few years.”
Jason Tan Jan 28, 2018 ▶ 8:36 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Not checkable as stated
Tan: Sift Science customers pay thousands up to $100,000 monthly
“Oh, it's probably going to be a in the minimum of a few thousand dollars per month. We have some customers paying us a 100,000 dollars per month.”
Jason Tan Jan 28, 2018 ▶ 2:32 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Not checkable as stated
Tan: Sift Science annual logo churn is under 3%
“Oh, I think you're sort of sub-three percent.”
Jason Tan Jan 28, 2018 ▶ 13:21 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Not checkable as stated
Tan: Sift Science achieves CAC payback in under 18 months
“I mean, ours is sub 18 months.”
Jason Tan Jan 28, 2018 ▶ 11:11 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Not checkable as stated
Tan: Sift Science has approximately 500 paying customers
“We have, we're lucky to have quite a few just about 500”
Jason Tan Jan 28, 2018 ▶ 6:58 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Not checkable as stated
Tan: Sift Science revenue churn is under 1%
“Our churn is, our revenue churn is sub one percent.”
Jason Tan Jan 28, 2018 ▶ 12:34 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Supported
Tan: Sift Science has raised approximately $54 million in total funding
“Oh, we raised about fifty four million dollars.”
Jason Tan Jan 28, 2018 ▶ 6:52 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Assertion Supported
Tan: Max Levchin personally invested $1M to lead Sift Science seed round
“He wanted to lead our seed round. So he put a million dollars of his own money in and we raised a total of 1.6 million dollars back in September of 2001.”
Jason Tan Jan 28, 2018 ▶ 6:35 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
Jan 28, 2018
Disclosure
Tan: Sift Science charges per billable transaction or account creation
“In terms of how we make money, we charge per billable event, and that usually ties to a significant transaction or an account created on our customer's website.”
Jason Tan Jan 28, 2018 ▶ 1:51 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers
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