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Eric Byers

1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

13statements → 6claims → 2claims resolved → 3.77/5average certainty → 1.15/5average debate potential → 1said about them ↓

1 supported 0 partly supported 1 contradicted 4 not checkable as stated how the 6 claims stand · each chip opens the sources

1 prediction · 5 assertions · 1 opinion · 6 disclosures · every statement was checked. The prediction and assertions are the 6 claims: statements the public record can support or contradict. 2 are resolved, and 4 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 Eric 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
Byers: Adolus raised $800k in DHS grants before generating revenue
“We got U.S. Department of Homeland Security so Silicon Valley Initiative Program grants, about 800,000 dollars worth of research grants, so that kept us alive for the first couple of years.”
Eric Byers Oct 9, 2021 ▶ 2:39 Security Software Adolus Breaks $600k ARR, $4m Valuation

Their most notable contradicted claim

Assertion Contradicted
Eric Byers: Software vendors are now regulated to supply SBOMs to US government
“I mean, just the dynamics of the supply chain software bill of materials market is, you know, a year ago, nobody knew what a software bill of materials is. Now people are regulated to supply them to the U S government.”
Eric Byers Oct 9, 2021 ▶ 10:04 Security Software Adolus Breaks $600k ARR, $4m Valuation

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 Eric Byers on measured tape to publish a rate. This says nothing about how they speak.

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

Assertion Not checkable as stated
Byers: Companies often do not know if they run SolarWinds
“Nobody you know, nobody has a silver bullet to solve a problem like solar winds, but what we've seen in our customer base and we've heard in government disclosures is the companies don't even know if they run solar winds.”
Eric Byers Oct 9, 2021 ▶ 1:27 Security Software Adolus Breaks $600k ARR, $4m Valuation
Opinion
Byers: Adolus's $4M valuation was an absolute bargain in hindsight
“I think it was a bargain, actually. You know but, you know, I didn't have a crystal ball to know that President Biden would be releasing executive orders about supply chain. I didn't know that SolarWinds was going to happen, so it was, yeah, it was it was an a…”
Eric Byers Oct 9, 2021 ▶ 3:28 Security Software Adolus Breaks $600k ARR, $4m Valuation
Disclosure
Eric Byers: Adolus Counts Honeywell and Caterpillar Among Enterprise Contracts
“Our large contracts are, you know, our contracts include people like Honeywell and Caterpillar.”
Eric Byers Oct 9, 2021 ▶ 6:22 Security Software Adolus Breaks $600k ARR, $4m Valuation
Assertion Not checkable as stated
Byers: Adolus customers pay between $5K and over $40K monthly
“Customers will pay as little as 5000 a month. Some of them are paying, oh, probably north of about 40,000 a month.”
Eric Byers Oct 9, 2021 ▶ 2:12 Security Software Adolus Breaks $600k ARR, $4m Valuation
Disclosure
Eric Byers: Adolus Has Three Primary Customers and Six Large Pilots
“We've got three primary customers and about six large pilots running right now.”
Eric Byers Oct 9, 2021 ▶ 5:56 Security Software Adolus Breaks $600k ARR, $4m Valuation
Disclosure
Eric Byers: Adolus Generates Just Under $600K in Annual Revenue
“We're doing a little less than 600,000 a year.”
Eric Byers Oct 9, 2021 ▶ 6:16 Security Software Adolus Breaks $600k ARR, $4m Valuation
Prediction Not checkable as stated
Eric Byers: Adolus Forecasts Under $1M ARR by End of Year
“We're expecting to close probably two more pilots this year. And we expect to be somewhere below a million annual recurring revenue by the end of the year.”
Eric Byers Oct 9, 2021 ▶ 7:23 Security Software Adolus Breaks $600k ARR, $4m Valuation
Disclosure
Eric Byers: Adolus plans seed round followed by spring Series A
“We're probably going to, well, not probably, we plan to do over the next month or two on one more seed round and then go for an A this spring.”
Eric Byers Oct 9, 2021 ▶ 8:56 Security Software Adolus Breaks $600k ARR, $4m Valuation
Assertion Contradicted
Eric Byers: Software vendors are now regulated to supply SBOMs to US government
“I mean, just the dynamics of the supply chain software bill of materials market is, you know, a year ago, nobody knew what a software bill of materials is. Now people are regulated to supply them to the U S government.”
Eric Byers Oct 9, 2021 ▶ 10:04 Security Software Adolus Breaks $600k ARR, $4m Valuation
Disclosure
Eric Byers Owns Between 50% and 80% of Adolus
“I own more than 50% and I own less than 80.”
Eric Byers Oct 9, 2021 ▶ 10:44 Security Software Adolus Breaks $600k ARR, $4m Valuation
Assertion Not checkable as stated
Eric Byers: Adolus Seed Investors Own Approximately 20% of the Company
“About 20%.”
Eric Byers Oct 9, 2021 ▶ 12:21 Security Software Adolus Breaks $600k ARR, $4m Valuation
Assertion Supported
Byers: Adolus raised $800k in DHS grants before generating revenue
“We got U.S. Department of Homeland Security so Silicon Valley Initiative Program grants, about 800,000 dollars worth of research grants, so that kept us alive for the first couple of years.”
Eric Byers Oct 9, 2021 ▶ 2:39 Security Software Adolus Breaks $600k ARR, $4m Valuation
Disclosure
Byers: Adolus has 20 employees, hiring roughly one monthly
“So I think we have 19 people, maybe 20. I guess maybe we have 20 on Monday. So yeah, we've been growing our team pretty aggressively. We've been bringing somebody in just about every month for the last eight months.”
Eric Byers Oct 9, 2021 ▶ 4:16 Security Software Adolus Breaks $600k ARR, $4m Valuation

The other half of the tape: Eric Byers's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →

Statements about Eric Byers, by other people (1)

Assertion Partly supported
Latka: Eric Byers Invented the Tofino Firewall
“He invented the Tofino Firewall, the world's most widely deployed ICS security appliance.”
Nathan Latka Oct 9, 2021 ▶ 0:57 Security Software Adolus Breaks $600k ARR, $4m Valuation

Appearances (1)

EpisodeDateSpeaking time
Security Software Adolus Breaks $600k ARR, $4m Valuation Oct 9, 2021 9m
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