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Luke Feeney

Co-founder & COO, TerminusDB · 1 appearance on the record.

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founderexecutiveoperatorLinkedIn ↗terminusdb.com ↗

Luke Feeney is a co-founder and executive at TerminusDB, an open-source graph database and document store. Prior to launching TerminusDB, he served as an Irish diplomat in the United Nations, South Africa, and Greece, and led Ireland's Brexit Communications Team.

11statements → 4claims → 2claims resolved → 3.82/5average certainty → 1.73/5average debate potential →

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

4 assertions · 2 insights · 5 disclosures · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 2 are resolved, 1 is not yet assessed, and 1 names 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 Luke 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
European startup valuations trade at a significant discount to US competitors
“And certainly European valuations are a significant discount to us.”
Luke Feeney Mar 8, 2022 ▶ 4:47 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

Their most notable contradicted claim

Assertion Contradicted
Stripe pays $350k for mid-range software engineers in Ireland
“I mean, I see on these boards on Reddit that Stripe are paying 350 K for mid-range engineers. I mean, that's madness in Ireland.”
Luke Feeney Mar 8, 2022 ▶ 14:53 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
0% certainty 3
100% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

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 Luke Feeney on measured tape to publish a rate. This says nothing about how they speak.

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

Insight
European universities demand 10% equity while Stanford relies on alumni donations
“So Stanford, for example, has gone very progressive on that. So they let them spin out and then expect them to give the money back just in firms of like, you know, you're a billion dollar company. Give us a few million there for an endowment. Whereas Europeans…”
Luke Feeney Mar 8, 2022 ▶ 2:33 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Assertion Contradicted
Stripe pays $350k for mid-range software engineers in Ireland
“I mean, I see on these boards on Reddit that Stripe are paying 350 K for mid-range engineers. I mean, that's madness in Ireland.”
Luke Feeney Mar 8, 2022 ▶ 14:53 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Assertion Supported
European startup valuations trade at a significant discount to US competitors
“And certainly European valuations are a significant discount to us.”
Luke Feeney Mar 8, 2022 ▶ 4:47 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Disclosure
TerminusDB pivoted to open source because top-down enterprise sales grew slowly
“Like when we came out of university first, we were very much an enterprise sort of company. We tried to do large scale graph installations to solve big enterprise problems, like, you know, predicting how many, how much stock you need to have in your physical w…”
Luke Feeney Mar 8, 2022 ▶ 6:27 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Disclosure
TerminusDB includes all enterprise features in its free open-source version
“I mean, we're fully open source now. So basically we sell a hosted version of the open source software. We don't have enterprise features that aren't available in the open source right now.”
Luke Feeney Mar 8, 2022 ▶ 8:33 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Insight
Getting 1,000 active developers beats making $100k in early platform revenue
“Well, that's a really good question, you know, cause we're, we'd be more, if you said to me, I could get an extra thousand developers up on the platform building really interesting things versus another a hundred K in revenue. I chose the thousand, thousand de…”
Luke Feeney Mar 8, 2022 ▶ 12:56 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Disclosure
TerminusDB negotiated Trinity College Dublin's spin-out equity down to 4%
“And so we had a negotiation. We got them down to about four percent. That's about two percent now.”
Luke Feeney Mar 8, 2022 ▶ 2:49 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Disclosure
TerminusDB sees 700,000 open-source downloads but only 700 cloud users
“So we have about 700 people up on the cloud version, but we have about 700,000 downloads of our open source version as well.”
Luke Feeney Mar 8, 2022 ▶ 7:19 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Disclosure
Half of TerminusDB's 700 cloud users are paying customers
“I'd say about 50% of those are paying customers and about 50% are on the free tier in the cloud.”
Luke Feeney Mar 8, 2022 ▶ 7:35 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Assertion Not checkable as stated
TerminusDB doubled its monthly recurring revenue from $10k to $20k
“We were about 10 K and now we're about 20 K. So we've done about a hundred percent.”
Luke Feeney Mar 8, 2022 ▶ 10:42 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
Assertion Not publicly verifiable
TerminusDB raised a $3.5M seed round at a $10.5M pre-money valuation
“We did a seed then with Volta Ventures in the lead. They're a Dutch VC. And we raised about 3.5 total of a valuation of about 10 pre, 10, 10.5 pre.”
Luke Feeney Mar 8, 2022 ▶ 11:02 This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

Appearances (1)

EpisodeDateSpeaking time
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation Mar 8, 2022 9m
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