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Adam Sabin

Co-Founder & CEO, Prismity · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutiveauthor@asaven41690 ↗LinkedIn ↗peoplegrove.com ↗

Adam Saven is the co-founder and former CEO of edtech platform PeopleGrove. He is also the co-author of Super Mentors and the co-founder and CEO of Prismity.

12statements → 10claims → 2claims resolved → 3.92/5average certainty → 1.08/5average debate potential →

1 supported 0 partly supported 1 contradicted 8 not checkable as stated how the 10 claims stand · each chip opens the sources

10 assertions · 1 insight · 1 disclosure · every statement was checked. The predictions and assertions are the 10 claims: statements the public record can support or contradict. 2 are resolved, and 8 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Adam argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
PeopleGrove has raised $2.5M in total funding
“So I have this whole other story of a failed company, but this particular one see around was 1.8. And then we had some convertible notes. So a 2.5 total.”
Adam Sabin Apr 19, 2019 ▶ 6:32 1364 Are you being acquired? "No comment"

Their most notable contradicted claim

Assertion Contradicted
PeopleGrove operates without a VP of Sales or Customer Success
“We don't have a VP of sales. We don't have a VP of customer success.”
Adam Sabin Apr 19, 2019 ▶ 14:20 1364 Are you being acquired? "No comment"

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Adam Sabin on measured tape to publish a rate. This says nothing about how they speak.

Everything Adam Sabin said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Universities resist per-seat software pricing due to budget certainty needs
“Universities it's tough, tough for them to do per seat cause they need certainty of budget.”
Adam Sabin Apr 19, 2019 ▶ 3:57 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove was down to $20K in the bank before closing Stanford
“We had our initial convertible notes at 500 K. We were down to 20 K in the bank.”
Adam Sabin Apr 19, 2019 ▶ 8:07 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove reaches 170 institutional customers
“A 170 institutions.”
Adam Sabin Apr 19, 2019 ▶ 4:58 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove approaches $4 million in ARR
“Oh, you know, running towards four.”
Adam Sabin Apr 19, 2019 ▶ 5:48 1364 Are you being acquired? "No comment"
Assertion Supported
PeopleGrove has raised $2.5M in total funding
“So I have this whole other story of a failed company, but this particular one see around was 1.8. And then we had some convertible notes. So a 2.5 total.”
Adam Sabin Apr 19, 2019 ▶ 6:32 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove's cash balance equals the exact amount raised a year prior
“Like cash balance wise, the amount of money we raised a year ago is the exact balance we have today.”
Adam Sabin Apr 19, 2019 ▶ 9:51 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove maintains 96% logo retention, with only four churned customers
“Customer logos, 96%. So of our 170, I think four total have churned.”
Adam Sabin Apr 19, 2019 ▶ 10:35 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove generated over $500K in expansion revenue against $50K churn
“While the logos we churn represented about 50 K of ACV, our expansion revenue has been over 500 K.”
Adam Sabin Apr 19, 2019 ▶ 10:55 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove contracts range from $15K to six figures per year
“We've got initial contract size, and you know, you have 15 to 20 K per year, all the way up to six digits now.”
Adam Sabin Apr 19, 2019 ▶ 3:25 1364 Are you being acquired? "No comment"
Assertion Not checkable as stated
PeopleGrove was at $1M ARR in August 2017
“At one.”
Adam Sabin Apr 19, 2019 ▶ 6:00 1364 Are you being acquired? "No comment"
Disclosure
PeopleGrove is not seeking outside capital due to a strong cash balance
“We haven't sought it. Right now the cash balance is good. And we have all the incentive in the world to just keep growing the business organically if we have the cash.”
Adam Sabin Apr 19, 2019 ▶ 13:45 1364 Are you being acquired? "No comment"
Assertion Contradicted
PeopleGrove operates without a VP of Sales or Customer Success
“We don't have a VP of sales. We don't have a VP of customer success.”
Adam Sabin Apr 19, 2019 ▶ 14:20 1364 Are you being acquired? "No comment"

Appearances (1)

EpisodeDateSpeaking time
1364 Are you being acquired? "No comment" Apr 19, 2019 7m
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