Assertion Not checkable as stated
Premise Data generated no commercial revenue from 2012 to 2018
“Between 25, 20 12, 20 13, up to 20 18, when I joined, there was really no commercial activity.”
Disclosure
Blackman: Premise Data net dollar retention is 250% to 300%
“Well, keep in mind, Nathan, we're still pretty early, but it's around 250 to 300%.”
Prediction Not checkable as stated
Blackman: Premise will break $35M-$40M ARR by December 2021
“I do.
Yeah.
Yeah.
We, you know, being a SaaS business, I mean, obviously one of the things that we love about it is that we're able to predict what our revenue looks like.
And if we,
You know, we have an opportunity to do much better than forty million, but I …”
Assertion Not checkable as stated
Blackman: Premise paid out $1M in Bitcoin to contributors in 2020
“We paid out a million in Bitcoin last year.”
Assertion Not checkable as stated
Premise Data recruits contributors across 120 countries
“We're in a hundred different, 20 countries, and we find these individuals, they're ordinary individuals,”
Disclosure
Blackman: Premise Data average customer pays around $100,000 annually
“Our typical customer is paying us around a 100,000 a year.”
Disclosure
Blackman: Premise Data has signed its 80th customer logo
“And so, the number of clients that we're serving today is, is, we just signed our eighty-eth, our eighty-eth logo.”
Prediction Not checkable as stated
Blackman: Premise net retention will normalize to ~120% in 2-3 years
“And so I would expect that to normalize over the next, you know, 24, 36 months, and to have, you know, maybe something around one 20, like you suggested.”
Assertion Not checkable as stated
Premise CEO: Early enterprise customers increased contract spend by 500%
“These customers would spend on the average when we first signed them up somewhere between 5200 K. But that, you know, once we got through that initial year and proved out the business, and people got addicted to the data, they got addicted to the insights we w…”
Disclosure
Premise CEO Maury Blackman owns more than 10% of the company
“Yes.”
Assertion Not checkable as stated
Blackman: Premise scaled from zero revenue to $4M, $10M, and $20M ARR
“We went, you know, so the first year I was here, we did We did four million in revenue, which was, you know, that was exciting. We hadn't had revenue before. And then, you know, kind of following on the back of that, we did 10, and then we had a clear line of …”
Disclosure
Blackman confirms Premise sold 10% to 20% dilution in Series E
“Is it fair to say you are in that same range?
Yes.”
Assertion Not checkable as stated
Blackman: Premise has 50K DAUs and over 1.5M weekly engaged contributors
“On a daily active user basis, we have about 50,000 daily active users. Engaged users, it's probably north of one and a half million.”
