Louis Têtu

Executive Chairman, Coveo Solutions Inc. · 1 appearance on the record.

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founderexecutiveinvestorcoveo.com ↗

Before leading AI search and relevance platform Coveo through its growth and TSX initial public offering, Têtu co-founded Taleo Corporation, which was acquired by Oracle in 2012 for $1.9 billion. He earlier co-founded Berclain Group and currently serves on the corporate boards of Alimentation Couche-Tard and CAE Inc.

12statements → 11claims → 5claims resolved → 60%fully supported → 3.92/5average certainty → 1.17/5average debate potential → ≈4.0/5argument clarity, estimated →

3 supported 2 partly supported 0 contradicted 6 not checkable as stated how the 11 claims stand · each chip opens the sources

1 prediction · 10 assertions · 1 insight · every statement was checked. The prediction and assertions are the 11 claims: statements the public record can support or contradict. 5 are resolved, and 6 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 Louis 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

Prediction Held up
Têtu: Coveo will pass $100M ARR very imminently
“We'll cross this and much more very imminently.”
Louis Têtu Oct 2, 2018 ▶ 8:10 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search

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 Louis Têtu on measured tape to publish a rate. This says nothing about how they speak.

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

Prediction Held up
Têtu: Coveo will pass $100M ARR very imminently
“We'll cross this and much more very imminently.”
Louis Têtu Oct 2, 2018 ▶ 8:10 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Not checkable as stated
Têtu: Coveo averaged 158% 24-month net revenue retention over six years
“And net, net overall this is a number we've published, because that's the actual measurement we're at about, net of that churn, we're at about 158% over 24 a month on average for the past six years.”
Louis Têtu Oct 2, 2018 ▶ 13:50 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Insight
Têtu: SaaS LTV modeling beyond five years hits a mathematical plateau
“When you do what's called an NPV, a net present value, if you type that in with that type of IRR, what you'll realize is that looking way, looking beyond five, six, seven, actually beyond eight years out, it's plateau. It's a plateau basically, because if you …”
Louis Têtu Oct 2, 2018 ▶ 17:41 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Not checkable as stated
Têtu: Coveo average contract value is around $200k ARR
“More around 200,000 ACV annual recurring revenue for the software.”
Louis Têtu Oct 2, 2018 ▶ 3:02 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Not checkable as stated
Têtu: Coveo has slightly over 1,000 customer installations
“We have about a thousand installations, a little more than a thousand actually mostly in the high tech sector, financial services, and manufacturing.”
Louis Têtu Oct 2, 2018 ▶ 4:11 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Partly supported
Têtu: Coveo recently raised $125M from a Palo Alto investor
“We recently raised an additional one hundred and twenty five million from a large Palo Alto investor.”
Louis Têtu Oct 2, 2018 ▶ 5:07 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Supported
Têtu: Coveo powers Salesforce AppExchange and embeds in Adobe Photoshop
“We power the AppExchange you know, at Salesforce, and you know we're embedded within Adobe Photoshop, and you know, we power a lot of the self-service sites of a lot of the software companies.”
Louis Têtu Oct 2, 2018 ▶ 9:05 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Supported
Têtu: Coveo has raised over $150M in total capital
“We've raised a little in excess of a hundred and fifty million to date.”
Louis Têtu Oct 2, 2018 ▶ 9:39 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Not checkable as stated
Têtu: Coveo maintains under 5% annual revenue churn across business lines
“We're at about I would say less than five percent depending on the lines of business. We have lines of business that are at about 2.2%. We have lines of business that are around five.”
Louis Têtu Oct 2, 2018 ▶ 13:19 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Partly supported
Coveo's founding team previously built Taleo, selling to Oracle for $2B
“The whole team here at Coveo, we built Taleo, which was bought by Oracle for about two billion. And we were a large SaaS player with about three hundred million of recurring revenue.”
Louis Têtu Oct 2, 2018 ▶ 15:27 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Not checkable as stated
Têtu: Coveo's annual net revenue retention rate is approximately 124%
“On a one-year basis, it's about 24% net of return.”
Louis Têtu Oct 2, 2018 ▶ 16:21 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search
Assertion Not checkable as stated
Têtu: Coveo spends $1.20 to $1.70 per dollar of ACV
“We spend depending on our lines of business, we spend between a dollar 20 to a dollar 70 to acquire a dollar of a CV.”
Louis Têtu Oct 2, 2018 ▶ 18:39 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search

Appearances (1)

EpisodeDateSpeaking time
1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search Oct 2, 2018 13m
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