SupportPay

10 statements across 1 episodes · 7 bullish · 1 bearish · 1 people on the record · first statement Jul 8, 2017 by Sherry Atwood · said 14 times in 1 episodes since 2017 · across every show →

Mentions by year

brought up most by Nathan Latka (12), Sherry Atwood (2)

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2017 14 mentions in 1 episode

714: You Won't Believe What This Divorced Mom Raised $7 Million For Jul 8, 2017 · 14 mentions · from 0:00
every mention in 2017, scene by scene →

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Everything said about SupportPay, oldest first

Jul 8, 2017 positive

Insight

SupportPay's real value is long-term legal proof, not daily expense tracking.

“The value to them is not the day to day submitting the expenses. The value is that longtime history and proof.”

Sherry Atwood Jul 8, 2017 ▶ 12:51 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 positive

Assertion Not checkable as stated

SupportPay converts 12% of website visitors into paid users.

“Well, right now our conversion rate to an active user for the new users from, let's see, from all the way to, if you look at the entire marketing funnel, we're getting about a 12% from visitor to paid user.”

Sherry Atwood Jul 8, 2017 ▶ 13:53 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 positive

Assertion Not checkable as stated

SupportPay has over 43,000 total users and nearly 2,000 paying customers.

“Today we have over 43,000 customers, and we have about almost 2000 paying customers.”

Sherry Atwood Jul 8, 2017 ▶ 10:29 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 bullish

Assertion Not checkable as stated

SupportPay processes $14 million per month in child support transactions.

“We're looking at about fourteen million a month in child support.”

Sherry Atwood Jul 8, 2017 ▶ 10:18 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 neutral

Assertion Not publicly verifiable

Globally, 300 million separated parents exchange $900 billion in child support.

“Globally, there's three hundred million parents that are exchanging over nine hundred billion dollars.”

Sherry Atwood Jul 8, 2017 ▶ 15:02 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 positive

Assertion Supported

SupportPay has raised $7.1 million total, including a recent Series A.

“Yes, we've raised about 7.1 million dollars. We just closed our series A in December.”

Sherry Atwood Jul 8, 2017 ▶ 5:42 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 positive

Assertion Not checkable as stated

SupportPay has an annual churn rate of about 3% on active users.

“Churn on an active user is about three percent right now.”

Sherry Atwood Jul 8, 2017 ▶ 13:33 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 neutral

Assertion Not checkable as stated

SupportPay generated a couple hundred thousand dollars in revenue during 2016.

“2016 revenue. I don't have those at the top of my head. A couple 100,000.”

Sherry Atwood Jul 8, 2017 ▶ 16:22 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 positive

Assertion Supported

Millennials having children unmarried expands SupportPay's market beyond divorce.

“Because these millennials these days actually aren't getting married anymore. They're just having babies. So it's actually not the divorce.”

Sherry Atwood Jul 8, 2017 ▶ 2:48 714: You Won't Believe What This Divorced Mom Raised $7 Million For

Jul 8, 2017 negative

Disclosure

Atwood moved SupportPay out of Silicon Valley to sustain operations.

“After I raised my first three million in capital, I realized I could not sustain a business in Silicon Valley.”

Sherry Atwood Jul 8, 2017 ▶ 8:37 714: You Won't Believe What This Divorced Mom Raised $7 Million For

SupportPay

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