Assertion Not checkable as stated
Walker: Dialpad speech AI matches Google's enhanced ASR benchmark
“Like I, we benchmark against Google's, Google speech ASR. We can, we benchmark against their standard and their enhanced. And we exceed their standard. We're right at their enhanced levels.”
Prediction Not checkable as stated
Walker: Dialpad will break $100M in annual revenue in 2020
“Yeah, no, we could definitely do that.”
Assertion Not checkable as stated
Walker: Dialpad has over 60,000 paying customer logos
“We have over 60,000 customers using our products.”
Disclosure
Walker: Dialpad gives AEs expansion credit for six months before CSM handover
“And we do give our AE's credit for the first six months expansion. ... CSMs are involved at that point, but six months after then they take over.”
Disclosure
Walker: Dialpad is comfortable sustaining a $1M monthly burn rate
“I could live with a million dollars a month of burn. Yeah, I mean, that would be 40 months of, 40 months of go to market, and R&D, and maturing product, maturing market”
Assertion Contradicted
Walker: Previous 30 SaaS IPOs averaged 28-32% growth pre-IPO
“If you look at the last, you know, last 30 SaaS IPOs.
I think other than, you know, other than Zoom, which is the world's greatest IPO in the history of the Valley, I think anything like, you know, they're averaging around 30, 28, 30, 32% going into an IPO.”
Disclosure
Walker: Dialpad bought its domain back from Yahoo for under $100k
“Less.”
Assertion Not checkable as stated
Walker: Dialpad processes hundreds of millions of call minutes monthly
“Well, that was the beauty of putting them into Dialpad because we already have hundreds and hundreds of millions of minutes a month going through the system.”
Assertion Not checkable as stated
Walker: Dialpad's average mid-market customer pays $50,000 annually
“Average customer, mid-market, you know, let's call it about 50,000 dollars a year for their team.”
Assertion Not checkable as stated
Walker: Box was Dialpad's first real customer at $5,000 per month
“Box was our first real customer, and Uber Conference was our only product at the time, and everything else had been, like, five-seat, ten-seat, you know, really scrappy stuff. Then they came in with a five-thousand-dollar-a-month order”
Disclosure
Walker: Dialpad includes unlimited usage in all products
“To date, we've included unlimited usage in all of our products.”
Assertion Not checkable as stated
Walker: Dialpad maintains net revenue expansion north of 125%
“But yeah, we have net revenue expansion of north of like a 125%. So really kind of very healthy on the expansion side.”
Assertion Not checkable as stated
Walker: Dialpad's annual gross revenue churn is under 10%
“Yeah, I'd say definitely less than 10%.”
Assertion Not checkable as stated
Walker: Dialpad reached a total headcount of 500 employees
“Whole company is 500 folks.”
Assertion Not checkable as stated
Walker: Dialpad only started spending its $50M round after 14 months
“We're now at 12 months past that or 1415 months past that, and we're just starting to spend it now. So it's, you know, it was, We were not starting from zero, so it had plenty plenty of additional cushion in.”
Assertion Supported
Walker: Dialpad acquired Salesforce-backed TalkIQ around 2018
“Yeah, so we acquired this company called Talk IQ about two years ago. They were funded by Salesforce and a couple other great VCs.”
Disclosure
Walker: Dialpad dropped UberCommunications name after ride-sharing app exploded
“No, we built that internally, and back in the days before we bought the name Dialpad, we had this idea that it was going to be Uber Communications, Uber Conference, Uber Meeting, Uber Voice, and then Uber became Uber, so we had to change all of our plans.”
