Chad Wittman

1 appearance on the record.

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founderexecutiveengineer@ChadWittman ↗chadwittman.com ↗

Chad Wittman founded EdgeRank Checker, an early Facebook analytics platform acquired by Socialbakers, and co-founded Dolly, an on-demand moving and delivery app acquired by TaskRabbit/IKEA. Today, he operates as a full-stack builder shipping AI-native products, agent workflows, and automation tools.

11statements → 7claims → 1claims resolved → 3.55/5average certainty → 1.18/5average debate potential → ≈4.5/5argument clarity, estimated →

1 supported 0 partly supported 0 contradicted 6 not checkable as stated how the 7 claims stand · each chip opens the sources

1 prediction · 6 assertions · 1 insight · 3 disclosures · every statement was checked. The prediction and assertions are the 7 claims: statements the public record can support or contradict. 1 is resolved, and 6 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 Chad 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

EdgeRank Checker was fully bootstrapped with no outside investors

“A hundred percent bootstrap, which was a really fun experience,”

Chad Wittman Jan 19, 2016 ▶ 12:58 Quick Way to Sell Your First Company For More Than $1m

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 Chad Wittman on measured tape to publish a rate. This says nothing about how they speak.

What they said11 Episodes1

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

Insight

Adjust bootstrapped founder equity splits based on opportunity cost

“Let's start at 33% for each. And then how do we distribute it based on what else we could be doing? And so like my co-founder who was doing all the development, like he could have worked at, you know, Google or something or Facebook of that nature. And so it w…”

Chad Wittman Jan 19, 2016 ▶ 4:59 Quick Way to Sell Your First Company For More Than $1m

Prediction Not checkable as stated

Dolly leverages pickup truck owners to avoid competing for Prius drivers

“And a lot of them are, and I'm confident Dolly will be one of them because of the unique asset that we're leveraging, which is pickup truck owners instead of Prius owners, which if you look at Postmates and Instacart and all these other companies, they're all …”

Chad Wittman Jan 19, 2016 ▶ 15:36 Quick Way to Sell Your First Company For More Than $1m

Assertion Not checkable as stated

EdgeRank Checker reached $20,000 in monthly revenue within two months

“I can't remember the exact number, but I know within two months we were making about 20,000 dollars a month with that drain checker.”

Chad Wittman Jan 19, 2016 ▶ 5:42 Quick Way to Sell Your First Company For More Than $1m

Assertion Not checkable as stated

EdgeRank Checker reached $60,000 in monthly recurring revenue at its peak

“So I think we were doing about, I think about 60,000 a month at the, at its peak.”

Chad Wittman Jan 19, 2016 ▶ 8:22 Quick Way to Sell Your First Company For More Than $1m

Assertion Not checkable as stated

Socialbakers acquired EdgeRank Checker for a 4x revenue multiple

“I believe we got a four,”

Chad Wittman Jan 19, 2016 ▶ 10:49 Quick Way to Sell Your First Company For More Than $1m

Assertion Not checkable as stated

Socialbakers' acquisition of EdgeRank Checker was 75% cash and 25% equity

“Yeah, so we did a roughly 75, 25 cash equity split just in general.”

Chad Wittman Jan 19, 2016 ▶ 12:03 Quick Way to Sell Your First Company For More Than $1m

Assertion Supported

EdgeRank Checker was fully bootstrapped with no outside investors

“A hundred percent bootstrap, which was a really fun experience,”

Chad Wittman Jan 19, 2016 ▶ 12:58 Quick Way to Sell Your First Company For More Than $1m

Disclosure

Dolly raised a $10M Series A and takes a 20% cut

“Yeah, so we've raised ten million bucks through a series A, and the way that people pay us is that they sign up, they use the app, they, we take a 20 percent-ish cut, depending on the job of everything that happens within the network.”

Chad Wittman Jan 19, 2016 ▶ 14:09 Quick Way to Sell Your First Company For More Than $1m

Disclosure

Dolly was valued around $50 million in its Series A

“The range, let's, in the fifty million range.”

Chad Wittman Jan 19, 2016 ▶ 14:44 Quick Way to Sell Your First Company For More Than $1m

Assertion Not checkable as stated

EdgeRank Checker prototype quickly reached 10,000 regular free users

“I had built the very, very, very smallest prototype, and that was starting to gain some steam, maybe 10,000 free users using the app kind of really regularly, some big brands took us about maybe two months to build out a kind of a professional version of that.”

Chad Wittman Jan 19, 2016 ▶ 3:23 Quick Way to Sell Your First Company For More Than $1m

Disclosure

EdgeRank Checker was built entirely based on Jason Fried's 'Getting Real'

“That, that book is what I read, Quit the Agency, and I built an edgering checker entirely off of it for better or worse. So we definitely made some bad decisions by following it entirely like a Bible, but fantastic.”

Chad Wittman Jan 19, 2016 ▶ 18:00 Quick Way to Sell Your First Company For More Than $1m

Appearances (1)

Episode	Date	Speaking time
Quick Way to Sell Your First Company For More Than $1m	Jan 19, 2016	11m

Chad Wittman

The record, in short

Their most notable supported claim

How they sound: not measured why? →

Appearances (1)

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