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Derek Bluford

Co-Founder, A Better Tomorrow · 1 appearance on the record.

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Derek Bluford gained early prominence as the founder of on-demand legal tech startup QuickLegal before being convicted on fraud and money-laundering charges. Following his release, he shifted into criminal justice reform and co-founded A Better Tomorrow to support formerly incarcerated individuals.

10statements → 6claims → 1claims resolved → 4/5average certainty → 1.5/5average debate potential → 3said about them ↓

0 supported 0 partly supported 1 contradicted 5 not checkable as stated how the 6 claims stand · each chip opens the sources

1 prediction · 5 assertions · 4 disclosures · every statement was checked. The prediction and assertions are the 6 claims: statements the public record can support or contradict. 1 is resolved, and 5 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 Derek argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable contradicted claim

Prediction Didn’t hold up
Bluford: QuickLegal will be on the ABA Journal cover in Q1
“Yeah, so our first quarter, we're gonna be on the cover of the National ABA Journal, and that goes to about 1.2 million attorneys”
Derek Bluford Jan 20, 2016 ▶ 10:55 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal

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 Derek Bluford on measured tape to publish a rate. This says nothing about how they speak.

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

Disclosure
Bluford: Acquisition offer for QuickLegal was between $12M and $15M
“It's above our current valuation, and under 15.”
Derek Bluford Jan 20, 2016 ▶ 9:32 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Assertion Not checkable as stated
Bluford: QuickLegal raised angel capital at a $12M valuation
“Well, right now we've had some angels invest in, and right now, our valuation's twelve million.”
Derek Bluford Jan 20, 2016 ▶ 6:30 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Assertion Not checkable as stated
Bluford: Clio has over 40,000 paying attorney users in California
“So they are a practice management company, and they have over 40,000 users just in California that are attorneys that pay them for their service.”
Derek Bluford Jan 20, 2016 ▶ 9:53 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Prediction Didn’t hold up
Bluford: QuickLegal will be on the ABA Journal cover in Q1
“Yeah, so our first quarter, we're gonna be on the cover of the National ABA Journal, and that goes to about 1.2 million attorneys”
Derek Bluford Jan 20, 2016 ▶ 10:55 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Disclosure
Bluford: QuickLegal filmed an appearance on Shark Tank
“We've done Shark Tank recently. That went very well, and we're waiting for that to air.”
Derek Bluford Jan 20, 2016 ▶ 11:22 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Assertion Not checkable as stated
Bluford: QuickLegal signed partnerships and non-competes with LegalZoom and Rocket Lawyer
“And then thankfully, we've actually entered into strategic partnerships with them now. So with, you know, non-compete.”
Derek Bluford Jan 20, 2016 ▶ 12:09 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Assertion Not checkable as stated
Bluford: Sold previous legal services startup for $425,000
“It was 425,000.”
Derek Bluford Jan 20, 2016 ▶ 2:47 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Assertion Not checkable as stated
Bluford: QuickLegal generates $65K monthly from 130 paying attorneys
“We have a little over a 130, which generates us about 65,000 dollars a month, and we have about a little over 700 attorneys that have signed up for our free, you know, ninety-day trial to give it a test run.”
Derek Bluford Jan 20, 2016 ▶ 5:48 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Disclosure
Bluford: Retains more than 60% ownership of QuickLegal
“I own more than 60.”
Derek Bluford Jan 20, 2016 ▶ 10:38 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Disclosure
Bluford: Bootstrapped QuickLegal to $600K before raising $750K
“I bootstrapped the company initially to Up to about 600,000, and then I raised about 750,000.”
Derek Bluford Jan 20, 2016 ▶ 6:04 Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal

The other half of the tape: Derek Bluford's own voice is left out of every number here. Other people bring the name up 3 times in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 3

Every mention by year

tap a year for its mentions
0021312016episodesmentions
0112016episodes it came up in
001.50.5312016episodesmentions per episode
2016 3 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal Jan 20, 2016 9m
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