Jason Tan

Co-Founder and Executive Chairman, Sift · 1 appearance on the record.

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founderexecutiveengineerauthorsift.com ↗

Jason Tan co-founded Sift in 2011, serving as CEO as the company built a machine learning-driven fraud prevention platform and reached unicorn status. In 2021, he transitioned to Executive Chairman and began writing about leadership, mental health, and founder burnout on his Substack newsletter, Scar Tissue.

11statements → 9claims → 2claims resolved → 3.64/5average certainty → 1.18/5average debate potential →

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

9 assertions · 1 opinion · 1 disclosure · every statement was checked. The predictions and assertions are the 9 claims: statements the public record can support or contradict. 2 are resolved, 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 Jason 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

Tan: Max Levchin personally invested $1M to lead Sift Science seed round

“He wanted to lead our seed round. So he put a million dollars of his own money in and we raised a total of 1.6 million dollars back in September of 2001.”

Jason Tan Jan 28, 2018 ▶ 6:35 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

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 Jason Tan on measured tape to publish a rate. This says nothing about how they speak.

What they said11 Episodes1

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

Opinion

Tan: Making Over $1M on Startup Equity Typically Requires Facebook-Scale Outcome

“You know, typically to make more than a million dollars at any company, it would require kind of a Facebook size outcome.”

Jason Tan Jan 28, 2018 ▶ 3:59 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Tan: Sift Science customers pay thousands up to $100,000 monthly

“Oh, it's probably going to be a in the minimum of a few thousand dollars per month. We have some customers paying us a 100,000 dollars per month.”

Jason Tan Jan 28, 2018 ▶ 2:32 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Supported

Tan: Max Levchin personally invested $1M to lead Sift Science seed round

“He wanted to lead our seed round. So he put a million dollars of his own money in and we raised a total of 1.6 million dollars back in September of 2001.”

Jason Tan Jan 28, 2018 ▶ 6:35 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Supported

Tan: Sift Science has raised approximately $54 million in total funding

“Oh, we raised about fifty four million dollars.”

Jason Tan Jan 28, 2018 ▶ 6:52 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Tan: Sift Science has approximately 500 paying customers

“We have, we're lucky to have quite a few just about 500”

Jason Tan Jan 28, 2018 ▶ 6:58 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Sift Science has more than doubled revenue annually for past few years

“We've been more than doubling our revenue for the last few years.”

Jason Tan Jan 28, 2018 ▶ 8:36 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Tan: Sift Science maintains an LTV to CAC ratio over 3:1

“I think that our LTVCAC is more than three to one.”

Jason Tan Jan 28, 2018 ▶ 10:51 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Tan: Sift Science achieves CAC payback in under 18 months

“I mean, ours is sub 18 months.”

Jason Tan Jan 28, 2018 ▶ 11:11 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Tan: Sift Science revenue churn is under 1%

“Our churn is, our revenue churn is sub one percent.”

Jason Tan Jan 28, 2018 ▶ 12:34 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Assertion Not checkable as stated

Tan: Sift Science annual logo churn is under 3%

“Oh, I think you're sort of sub-three percent.”

Jason Tan Jan 28, 2018 ▶ 13:21 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Disclosure

Tan: Sift Science charges per billable transaction or account creation

“In terms of how we make money, we charge per billable event, and that usually ties to a significant transaction or an account created on our customer's website.”

Jason Tan Jan 28, 2018 ▶ 1:51 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers

Appearances (1)

Episode	Date	Speaking time
918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers	Jan 28, 2018	8m

Jason Tan

The record, in short

Their most notable supported claim

How they sound: not measured why? →

Appearances (1)

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