Opinion
Dulski: LMS platforms like Udemy have low usage and satisfaction
“There's, there are what are called learning management systems. These are flat content like Udemy or LinkedIn learning where you're watching videos and you're kind of solo doing this learning by yourself. It is Really low usage and pretty low satisfaction.”
Assertion Not checkable as stated
Dulski: Rising Team has 145% net dollar retention
“And right now we're at 145% net dollar retention so far.”
Disclosure
Dulski: Rising Team is raising on a SAFE with a higher cap
“And we're also, we're doing it on a safe, so it has a higher cap.”
Prediction Not checkable as stated
Dulski: Existing accounts could yield up to $20M over three years
“I think over 12 months, it's like a million and a half to two million, and over three years, it's like 15 to twenty million, just from the customers we have already.”
Assertion Not checkable as stated
Dulski: Three sessions improve 85% of tracked employee engagement metrics
“And we can see that after just three sessions,
85% of the core engagement scores that we measure are moving in a significant way.”
Assertion Not checkable as stated
Dulski: Most Rising Team customers come through top-down sales
“And then most of our customers actually come in through kind of a top-down mechanism where a head of a division or the head of people for a company will want to use Rising Team to Increase engagement or scale their talent development.”
Assertion Not checkable as stated
Dulski: Top-down enterprise deals can reach hundreds of thousands of dollars
“And those deals can be in the hundreds of thousands of dollars.”
Disclosure
Dulski spent about $100k on an agency to build Rising Team's MVP
“Like a hundred.”
Disclosure
Dulski: Rising Team taking preempted capital for 24 months runway
“Not at all, actually, because we actually got preempted for some additional funding. So we are taking a bit more money now. It's going to get us another 24 months of runway.”
Disclosure
Dulski: Rising Team is platformizing to let companies build kits
“The big idea and what we're working on now is platformizing the software so that anybody can create these interactive kits, and that means companies can too.”
Assertion Not checkable as stated
Dulski: Rising Team has 55 customer logos
“We have 55 logos right now.”
Assertion Not checkable as stated
Dulski: Rising Team converts 60% of demos to signed deals
“Right now we're converting 60% of demos to deals at some level.”
Assertion Not checkable as stated
Dulski: Rising Team generated zero revenue one year ago
“I mean, a year ago we were doing zero revenue.”
Assertion Supported
Dulski: Rising Team is pure SaaS with no human coaches
“This is absolutely a SaaS product. In fact, there are no humans involved other than the leader of the team that uses our software.”
Disclosure
Dulski: Rising Team charges $99 per month for teams up to 11 people
“The pricing per team is 99 dollars a month per team, so a team is a manager plus up to 10 people.”
Disclosure
Dulski pivoted Rising Team from 1-on-1 manager tool to team development
“Actually, the first prototype was about, was a tool that managers could use one-on-one with their employees. And what we learned is that it took too much time. People wanted less time and they wanted more team focus, especially in the pandemic era. And so we r…”
Assertion Supported
Dulski: Rising Team raised $3M seed round in February 2021
“We raised a three million dollar seed round in February of 21.”
Assertion Not checkable as stated
Dulski: Rising Team retains about $1M from seed round
“We still have about a million dollars left from that round.”
Assertion Not checkable as stated
Dulski: Rising Team burns approximately $100K per month
“No, we're probably more like a hundred K a month, but honestly, like a few deals and that is done.”
Disclosure
Dulski: Rising Team has 11 full-time employees and 16 total
“We have 11 full-time people, and about 16 if you count the part-timers.”
