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Alessandro Garcia

2 appearances on the record.

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

22statements → 16claims → 3claims resolved → 67%fully supported → 3.77/5average certainty → 1.27/5average debate potential →

2 supported 0 partly supported 1 contradicted 13 not checkable as stated how the 16 claims stand · each chip opens the sources

2 predictions · 14 assertions · 2 opinions · 4 disclosures · every statement was checked. The predictions and assertions are the 16 claims: statements the public record can support or contradict. 3 are resolved, and 13 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 Alessandro 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
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

Their most notable contradicted claim

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

Expressed certainty vs assessment result

none yet certainty 1
0% certainty 2
none yet certainty 3
100% certainty 4
100% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

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 Alessandro Garcia on measured tape to publish a rate. This says nothing about how they speak.

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

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
Opinion
Garcia: No other company globally uses behavioral algorithms beyond hiring
“I believe no one in the world is using behavior algorithm to make that. It's only to see how people works in hiring process.”
Alessandro Garcia Aug 29, 2019 ▶ 4:57 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
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
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
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
Assertion Supported
Garcia: Brazilian SaaS startups average a 6x ARR valuation multiple
“We are looking the market here in Brazil, they are paying six times in average of the ARR.”
Alessandro Garcia Aug 29, 2019 ▶ 11:48 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
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
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
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
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
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
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
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
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
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
Assertion Not checkable as stated
Garcia: Sólides is doubling its annual revenue year-over-year
“We are growing this year two times what we got last year.”
Alessandro Garcia Aug 29, 2019 ▶ 2:59 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
Disclosure
Garcia: Sólides has scaled entirely through bootstrapping
“All via bootstrap.”
Alessandro Garcia Aug 29, 2019 ▶ 3:08 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
Assertion Not checkable as stated
Garcia: Sólides' fully weighted customer acquisition cost is close to $500
“It's close to 500 dollars.”
Alessandro Garcia Aug 29, 2019 ▶ 5:21 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
Assertion Not checkable as stated
Garcia: Sólides employs 100 people total, with 50 in sales
“100 in total the team. 50 is in the sales.”
Alessandro Garcia Aug 29, 2019 ▶ 6:17 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
Assertion Not checkable as stated
Garcia: Sólides has 1.2% monthly revenue churn
“That's low churn. Revenue churn is 1.2% a month.”
Alessandro Garcia Aug 29, 2019 ▶ 9:16 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
Disclosure
Garcia: Sólides seeks $2M to $3M in first funding round
“Two, three million dollars at the first round.”
Alessandro Garcia Aug 29, 2019 ▶ 11:19 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre
Disclosure
Garcia: Sólides charges SMB customers approximately $150 per month
“In reais 600 reais, it's closer to one and a half hundred dollars a month.”
Alessandro Garcia Aug 29, 2019 ▶ 1:43 1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre

Appearances (2)

EpisodeDateSpeaking time
Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valua Apr 7, 2023 9m
1496 Employee Engagement Platform in Brazil Passes $1.8M ARR, Raising $3m on $10m Pre Aug 29, 2019 7m
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