Hamid Shojaee

Founder & CEO, Savvy Trader · 1 appearance on the record.

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founderexecutiveinvestorhost@hamids ↗hamidshojaee.com ↗

Hamid Shojaee is a serial tech entrepreneur who founded developer tool company Axosoft, creator of GitKraken, and live-chat platform Pure Chat, both of which were acquired in 2021. Today, he leads investment-sharing platform Savvy Trader, co-hosts the investing podcast Buy Hold Rant, and backs Arizona startups through AZ Disruptors.

11statements → 9claims → 1claims resolved → 4.09/5average certainty → 1.09/5average debate potential →

1 supported 0 partly supported 0 contradicted 1 not yet assessed 7 not checkable as stated how the 9 claims stand · each chip opens the sources

9 assertions · 2 disclosures · every statement was checked. The predictions and assertions are the 9 claims: statements the public record can support or contradict. 1 is resolved, 1 is not yet assessed, and 7 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 Hamid 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
Shojaee: PureChat raised $1.5M angel round in Arizona
“No we did an angel round for about one and a half million locally in Arizona.”
Hamid Shojaee Apr 8, 2018 ▶ 4:03 988 Livechat on Website Wars

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 Hamid Shojaee on measured tape to publish a rate. This says nothing about how they speak.

Everything Hamid Shojaee 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
PureChat doubled user growth after shifting to a mostly free model
“So we went to this sort of mostly free live chat model about three months ago and we've doubled the rate of growth as a result of that.”
Hamid Shojaee Apr 8, 2018 ▶ 7:59 988 Livechat on Website Wars
Assertion Not checkable as stated
Shojaee: PureChat reached breakeven with $1.3M in ARR
“And we basically for all practical purposes, we're at breakeven point right now. And we're about 1.3 million in revenues right now.”
Hamid Shojaee Apr 8, 2018 ▶ 4:39 988 Livechat on Website Wars
Assertion Not checkable as stated
Shojaee: PureChat has over 4,000 paying customers
“So we actually have over 4000 paying customers right now.”
Hamid Shojaee Apr 8, 2018 ▶ 5:31 988 Livechat on Website Wars
Assertion Not checkable as stated
Shojaee: PureChat is growing revenue about 70% year over year
“We are up about 70% year over year.”
Hamid Shojaee Apr 8, 2018 ▶ 8:27 988 Livechat on Website Wars
Assertion Not checkable as stated
PureChat reports 3.8% to 4% monthly churn on paid accounts
“We have about 3.8, just around four percent attrition rate. So a monthly.”
Hamid Shojaee Apr 8, 2018 ▶ 10:45 988 Livechat on Website Wars
Assertion Not checkable as stated
PureChat customer LTV is slightly over $2,000
“That's about like 2000 dollars, a little over 2000 dollars is what where we're at like right now.”
Hamid Shojaee Apr 8, 2018 ▶ 11:20 988 Livechat on Website Wars
Disclosure
PureChat spends $600 to $700 to acquire a $99/month customer
“We're willing to spend as much as a third of the lifetime value. So about, you know, six, 700 dollars on average to acquire a paying customer at the 99 dollar per month rate.”
Hamid Shojaee Apr 8, 2018 ▶ 11:37 988 Livechat on Website Wars
Disclosure
Shojaee rejects hypothetical $3M acquisition offer for PureChat
“No, no, absolutely not. We raised at a higher valuation than that.”
Hamid Shojaee Apr 8, 2018 ▶ 13:26 988 Livechat on Website Wars
Assertion Not publicly verifiable
PureChat raised funding at a $5.5M pre-money valuation
“We did a five and a half free.”
Hamid Shojaee Apr 8, 2018 ▶ 13:40 988 Livechat on Website Wars
Assertion Not checkable as stated
Shojaee: PureChat, Axosoft, and GitKraken are multimillion-dollar SaaS businesses
“It used to be part of Axosoft, but we broke it up into its own company called PureChat. But yeah, each one is a multi-million dollar SaaS SaaS company, essentially.”
Hamid Shojaee Apr 8, 2018 ▶ 1:29 988 Livechat on Website Wars
Assertion Supported
Shojaee: PureChat raised $1.5M angel round in Arizona
“No we did an angel round for about one and a half million locally in Arizona.”
Hamid Shojaee Apr 8, 2018 ▶ 4:03 988 Livechat on Website Wars

Appearances (1)

EpisodeDateSpeaking time
988 Livechat on Website Wars Apr 8, 2018 8m
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