SPIDR Tech

10 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Sep 30, 2021 by Rahul Sidhu · said 12 times in 1 episodes since 2021 · across every show →

Mentions by year

brought up most by Rahul Sidhu (6), Nathan Latka (6)

mentionsepisodesper episode tap a year for its mentions

2021 12 mentions in 1 episode

Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised Sep 30, 2021 · 12 mentions · from 0:51
every mention in 2021, scene by scene →

every mention, scene by scene, with the transcript →

Everything said about SPIDR Tech, oldest first

Sep 30, 2021 positive

Disclosure

Sidhu: SPIDR Tech turned down a Series A to be acquired

“In fact, we had the potential of competing term sheet. We had a term sheet for a series. I mean, we were we actually ended up turning things down because we felt like this was a very, very rare type of acquisition that we could have easily walked away from.”

Rahul Sidhu Sep 30, 2021 ▶ 12:00 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 neutral

Insight

Sidhu: Citizens interacting with local police are essentially customers

“Well, I mean, anybody who is interacting with a police officer or deputy sheriff at a local law enforcement level is essentially a customer.”

Rahul Sidhu Sep 30, 2021 ▶ 1:06 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 positive

Assertion Not checkable as stated

Sidhu: SPIDR Tech achieved profitability in 2020 before its acquisition

“We had reached profitability last year as well, so we didn't necessarily need venture money to continue growing.”

Rahul Sidhu Sep 30, 2021 ▶ 12:14 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 neutral

Assertion Not checkable as stated

Sidhu: SPIDR Tech generated under $100K in 2017 revenue

“It was less than a hundred K.”

Rahul Sidhu Sep 30, 2021 ▶ 5:51 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 neutral

Assertion Not checkable as stated

Sidhu: Early police customers refused to pay, causing zero 2016 revenue

“It was a big fat goose egg in 2016 because in the beginning we had to have law enforcement agencies to take a chance on us. They weren't willing to pay.”

Rahul Sidhu Sep 30, 2021 ▶ 5:36 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 bullish

Assertion Not checkable as stated

SPIDR Tech crosses $2 million annual revenue run rate

“We have.”

Rahul Sidhu Sep 30, 2021 ▶ 7:16 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 positive

Assertion Not checkable as stated

Sidhu: One major city customer nearly doubled SPIDR Tech's revenue overnight

“We had a major customer come on board you know, major city that doubled our revenue, almost doubled our revenue overnight in Q one of”

Rahul Sidhu Sep 30, 2021 ▶ 10:12 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 positive

Assertion Not checkable as stated

Sidhu: SPIDR Tech grew revenue 5x year-over-year before the pandemic

“And I will say that the years prior, you know, we had five X year over year growth pretty easily.”

Rahul Sidhu Sep 30, 2021 ▶ 11:03 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021

Disclosure

Sidhu: SPIDR Tech charged small police departments $10K to $40K annually

“At a smaller agency of a hundred folks, it could be, you know, somewhere between 10,000 to 40 ish thousand dollars a year, depending on how much of the platform that they wanted.”

Rahul Sidhu Sep 30, 2021 ▶ 4:07 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

Sep 30, 2021 positive

Assertion Not checkable as stated

SPIDR Tech serves over 60 police agencies across US and Canada

“We have over 60 different agencies across the United States and Canada.”

Rahul Sidhu Sep 30, 2021 ▶ 6:41 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised

SPIDR Tech

Mentions by year

Everything said about SPIDR Tech, oldest first

Turn any episode into a week of clips.