Disclosure
Milich: Skiff Will Refuse DOJ Backdoor Demands for User Data
“I think definitely not, and there's no legal precedent that we would do that.”
Insight
Milich: Founders should avoid highly unequal equity splits
“Well, I think it is really important to have a co-founder who's not, you know, like not a five 95 split or, you know, a really unequal split just because there are so many rough and grinds, you know, grinding moments in that first few years that I think just h…”
Assertion Supported
Milich: Skiff cannot access any content that users write or share
“We don't have access to everything you write and you share, and you're the only person who owns your data.”
Disclosure
Milich: Skiff Refuses to Paywall Encrypted Search and Templates
“Like, we specifically don't want to put paywalls on things that will make you kind of have a better experience on day one on Skit. So, for example, our templates feature, which lets you kind of share and use anti-encrypted templates searching through anti-encr…”
Prediction Not checkable as stated
Milich: Skiff aims for 30% monthly growth over next year
“So well, it's unclear how sustainable those events are, but you know, we're kind of aiming to do 30% month over month growth for the next year or so.”
Assertion Not checkable as stated
Milich: Skiff Spends Almost No Money on Marketing
“We spend almost no money in marketing.”
Disclosure
Milich: Skiff Wants 10x User Growth Before Series B
“I think we want to have at least 10 times or more as many users.”
Opinion
Milich: Skiff Cannot Generate Significant Revenue Without Millions of Users
“But the kind of most important thing is like, we just cannot, we'll never generate significant revenue if we don't Reach millions of users.”
Insight
Milich: Product-led growth appears flat before compounding vertically
“Product like growth, I think is very difficult and also very time consuming as in like, you will not see thousands of users immediately signing up. Like the whole point of like compounding growth is, you know, it'll look flat and then you look back and it look…”
Disclosure
Milich: Skiff will expand into Google Workspace competitor within weeks
“Actually in a few weeks, we're kind of broadening that vision significantly and bringing in kind of more aspects of the typical Google WorkSuite, and so you'll see that in the next few weeks.”
Assertion Not checkable as stated
Milich: Skiff has paying individuals and SMB customers up to 100 employees
“We have some paying customers, a bunch of individuals, and then we're kind of, we have some kind of, I'd say small to medium sized businesses up to a hundred people paying for skip.”
Assertion Not checkable as stated
Milich: Skiff's MAU growth exceeded 30% month-over-month
“It's been, I think, over 30% for the last few months.”
Assertion Not checkable as stated
Milich: Chinese YouTube video lifted Skiff growth 30% in three days
“Like we had a YouTube video released about Skiff in China on Friday that probably bumped our growth up 30% in three days.”
Assertion Contradicted
Milich: Skiff utilizes zero client-side tracking
“So like, there's no client side tracking, anything like that.”
Insight
Milich: Mobile and desktop apps drive higher retention in workspace products
“And obviously stuff like mobile apps, desktop apps leads to much higher retention in products like ours.”
Disclosure
Milich: Skiff raised approximately $4M in seed funding
“So we raised, I think, two and a half million initially, and then we ended up adding about one and a half a million from angel investors right after that. So it ended up being about four.”
Disclosure
Milich: Skiff raised $10.5M in Series A funding
“Then in the series A, we raised 10 and a half.”
Disclosure
Milich: Skiff Has Retained Over Two-Thirds of Its $14M Raised
“Also, by the way, of the kind of fourteen million we raised, like more than two thirds is still unspent.”
Disclosure
Milich: Skiff took 10% to 15% dilution in its Series A
“It was between 10 and 15% solution.”
Disclosure
Milich: Scale AI's Alexandr Wang and Retool's David Hsu Invested in Skiff
“We have some great angel investor CEOs like Alexander, the CEO of scale. And you know, I think he's been a great role model to also David, the CEO of Retool.”
Assertion Partly supported
Milich: Skiff charges $10 monthly for individuals and about double for enterprise
“So for the individual plan, people are paying, I believe it's 10 dollars a month, or maybe there's an annual plan discount. And enterprise is anywhere from depending on the options you choose, you know, about double that.”
Insight
Milich: Skiff monetizes easily on storage because users expect linear pricing
“So one of the things we can monetize pretty easily is storage space. People are probably paying for storage space in their life already, whether it's on Google or it's on Dropbox or something else. And so that's something that's pretty common. Also it's, you k…”
Disclosure
Milich: Skiff co-founders split equity roughly fifty-fifty
“Yeah, roughly that. I mean, I kind of set up a lot of the structure in those interim few months. And so then we kind of, we want it to work together as equals.”
Assertion Not checkable as stated
Milich: Skiff has 15 to 20 full-time employees globally
“So we're about 15, 15 to 20 all over the world. Bunch in the Bay Area, some in New York, some in France, some in Israel, some in Hungary and Egypt and, you know, the rest of the world.”
