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Bob Miles

Founder & CEO, Salad Technologies · 1 appearance on the record.

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founderexecutiveengineerLinkedIn ↗

Bob Miles is the founder and CEO of Salad Technologies, a distributed cloud computing platform utilizing idle consumer GPUs. Previously, he worked as an aerospace performance engineer at Qantas Airways and served as Head of Product at Teal Drones.

19statements → 16claims → 5claims resolved → 60%fully supported → 4/5average certainty → 1.47/5average debate potential →

3 supported 0 partly supported 2 contradicted 11 not checkable as stated how the 16 claims stand · each chip opens the sources

16 assertions · 3 disclosures · every statement was checked. The predictions and assertions are the 16 claims: statements the public record can support or contradict. 5 are resolved, and 11 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 Bob 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
Miles: Salad's compute costs one-fifth of AWS spot instances
“The cost of our compute is around one fifth, again, per teraflop per hour of an AWS spot instance.”
Bob Miles Nov 26, 2021 ▶ 5:18 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue

Their most notable contradicted claim

Assertion Contradicted
Miles: Salad is the world's fourth largest supercomputer
“We're now the world's fourth largest supercomputer.”
Bob Miles Nov 26, 2021 ▶ 3:23 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
75% certainty 4
0% 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 Bob Miles on measured tape to publish a rate. This says nothing about how they speak.

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

Assertion Contradicted
Miles: Salad is the world's fourth largest supercomputer
“We're now the world's fourth largest supercomputer.”
Bob Miles Nov 26, 2021 ▶ 3:23 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Supported
Miles: Salad's compute costs one-fifth of AWS spot instances
“The cost of our compute is around one fifth, again, per teraflop per hour of an AWS spot instance.”
Bob Miles Nov 26, 2021 ▶ 5:18 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad network reaches over 70 petaflops in compute capacity
“A little over 70 petaflops, if that means anything to you.”
Bob Miles Nov 26, 2021 ▶ 3:41 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Disclosure
Miles: A personal PC generates $60 to $65 monthly on Salad
“It might add five to 10 to 15 dollars a month to your bill, but the computer I'm on right now, that generates about 60 to 65 dollars a month worth of digital spend for me.”
Bob Miles Nov 26, 2021 ▶ 2:35 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Contradicted
Miles: Salad is being sued over website accessibility standards
“We're actually getting sued for accessibility on our website. So we've had to bring our website into spec.”
Bob Miles Nov 26, 2021 ▶ 7:47 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad raised its seed round at a $12M pre-money valuation
“Well, 12 was pretty money. 12, 12, twelve million, pretty money.”
Bob Miles Nov 26, 2021 ▶ 15:22 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Disclosure
Miles: Salad targets $60M-$70M pre-money valuation at $5M run rate
“So five million dollar run rate. We've actually, we've got verbal terms. They're not where I want it to be. I want it to be at 60 or 70 pre-money.”
Bob Miles Nov 26, 2021 ▶ 18:19 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Supported
Miles: Salad bought the salad.com domain from Hidden Valley Ranch
“It was about half what these like tools that, that judge the price of websites suggested it, but we actually bought it off a hidden Valley ranch.”
Bob Miles Nov 26, 2021 ▶ 1:25 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad has tens of thousands of nodes on its network
“You know, the tens of thousands of nodes on the network right now, we are the custodians for all the value.”
Bob Miles Nov 26, 2021 ▶ 4:46 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad captures a 23% average margin across storefront rewards
“So on average, net, netted out across all the different rewards were at 23%,”
Bob Miles Nov 26, 2021 ▶ 5:54 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: 18% of Salad's outstanding balance is inactive for six-plus months
“18% of the balance outstanding belongs to people who have not logged in in six months or more.”
Bob Miles Nov 26, 2021 ▶ 10:05 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Supported
Miles: Salad raised a $3.2M seed plus round in late 2020
“We raised our C plus this time last year. We raised 3.2 million.”
Bob Miles Nov 26, 2021 ▶ 10:41 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad retains over $2M cash on balance sheet
“We still have more than two on the balance sheet.”
Bob Miles Nov 26, 2021 ▶ 10:48 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad has 20,000 daily active compute suppliers
“So, so right now, users are our suppliers 20,000 daily active but they're not customers, right? They're suppliers.”
Bob Miles Nov 26, 2021 ▶ 12:12 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Disclosure
Miles: Salad mines 6 to 12 different protocols
“Well, we, so we mine, Half a dozen to a dozen different protocols.”
Bob Miles Nov 26, 2021 ▶ 13:17 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad has generated over $3M in year-to-date revenue
“Top line revenue is closer to well, year to date a little over three. So, so three, three and a half.”
Bob Miles Nov 26, 2021 ▶ 14:47 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad has sold roughly 30% to 40% of its equity
“Yeah, I'd have to check out Carter. But that would be around, around the mark, plus or minus, I'd say, Nathan.”
Bob Miles Nov 26, 2021 ▶ 17:58 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad generated around $150K in revenue in 2020
“Ah, last year was like a 150 K.”
Bob Miles Nov 26, 2021 ▶ 14:58 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue
Assertion Not checkable as stated
Miles: Salad co-founder left after 18 months due to lack of PMF
“So I did actually bring in a co-founder management consulting about from a management consulting background about six to 18 months in, 16 to 18 months in, we realized we are struggling to find product market fit. We need to be more lean. And so that co-founder…”
Bob Miles Nov 26, 2021 ▶ 16:52 Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue

Appearances (1)

EpisodeDateSpeaking time
Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Nov 26, 2021 13m
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