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Solides

13 statements across 1 episodes · 9 bullish · 0 bearish · 1 people on the record · first statement Apr 7, 2023 by Alessandro Garcia · said 17 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Nathan Latka (17)

tap a year for its mentions
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2023 17 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Solides, oldest first

Apr 7, 2023 bullish
Prediction Not checkable as stated
Garcia: Solides expects to double revenue to $60M ARR in 2023
“Our expectation is to double again.”
Alessandro Garcia Apr 7, 2023 ▶ 13:55 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 bullish
Assertion Supported
Solides raised a $100M Series B funding round
“Yes, from a wall of people, a hundred million dollars.”
Alessandro Garcia Apr 7, 2023 ▶ 4:36 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 positive
Assertion Not checkable as stated
Solides tripled twice and doubled twice following its 2015 SaaS relaunch
“In 2000 15 and we triple, triple, double, double, and almost double in the 50 year.”
Alessandro Garcia Apr 7, 2023 ▶ 3:39 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 bullish
Prediction Didn’t hold up
Garcia: Solides is targeting an IPO in roughly three years
“Maybe in three years, we are trying to build a solid business to offer this in the public market.”
Alessandro Garcia Apr 7, 2023 ▶ 12:49 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 positive
Assertion Not checkable as stated
Garcia: Solides avoids underwater stock option issues due to revenue growth
“Today we not have this problem, even with the, this lower of the multiples in, in valuations because we grew a lot since from them. So we don't have to deal with this problem. We have a lot of problems, but not this.”
Alessandro Garcia Apr 7, 2023 ▶ 12:26 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 neutral
Assertion Not checkable as stated
Solides reports a blended ARPU of $130 per month
“It was our ARPU is a hundred and 130 dollars a month.”
Alessandro Garcia Apr 7, 2023 ▶ 9:44 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 neutral
Disclosure
Solides acquired Tangerino, adding nearly 10,000 scheduling customers
“We have a group of close to 10,000 customers using the scheduling point. It was from a company that we acquired, Last year called Tangerino. They deal with scattering time and punch clock, electronic punch clock.”
Alessandro Garcia Apr 7, 2023 ▶ 7:58 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 positive
Assertion Not checkable as stated
Solides' platform manages nearly 2 million employees across its customer base
“Close to two millions.”
Alessandro Garcia Apr 7, 2023 ▶ 2:48 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 positive
Assertion Not checkable as stated
Garcia: Solides has almost 20,000 paying business subscribers
“We have almost 20,000 companies as subscribers”
Alessandro Garcia Apr 7, 2023 ▶ 1:57 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 neutral
Assertion Not checkable as stated
Garcia: Solides was valued at around $15M in 2019 Series A
“Maybe fifteen million million dollars. I think that was something like that.”
Alessandro Garcia Apr 7, 2023 ▶ 5:58 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 bullish
Assertion Not checkable as stated
Garcia: Solides grew revenue 100% year-over-year to $2.6M per month
“A half than that. We grew a hundred percent last year.”
Alessandro Garcia Apr 7, 2023 ▶ 10:21 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 neutral
Assertion Not checkable as stated
Garcia: Solides averages 1.9% gross churn per month company-wide
“No, no, sorry 1.9 per month.”
Alessandro Garcia Apr 7, 2023 ▶ 16:11 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
Apr 7, 2023 bullish
Opinion
Garcia: Solides is the only SMB HR software player in Brazil
“Today we don't have other players providing HR software for small video companies in Brazil. In the US you have a Bumble HR and other players, but here we are playing this game alone.”
Alessandro Garcia Apr 7, 2023 ▶ 6:55 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation
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