Mike Lapchick

1 appearance on the record.

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Mike Lapchick is an entrepreneur who co-founded The Chicago Catalog Group in 1996. He later founded and served as CEO of Shotfarm, a digital asset management platform acquired by Syndigo in 2019.

12statements → 6claims → 1claims resolved → 4/5average certainty → 1.25/5average debate potential →

0 supported 1 partly supported 0 contradicted 5 not checkable as stated how the 6 claims stand · each chip opens the sources

6 assertions · 3 opinions · 1 insight · 2 disclosures · every statement was checked. The predictions and assertions are the 6 claims: statements the public record can support or contradict. 1 is resolved, and 5 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 Mike argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

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 Mike Lapchick on measured tape to publish a rate. This says nothing about how they speak.

What they said12 Episodes1

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

Opinion

Lapchick: Chicago has the most conservative investors in the US

“The only difference that I would make is that I wouldn't do it in Chicago. I wouldn't fund it in Chicago. It's the most conservative bed of investors in the country. These guys are bankers, you know, you go in with that.”

Mike Lapchick Jun 1, 2018 ▶ 11:50 1042 "We're selling the company right now" for $10m+

Insight

Lapchick: Founders Should Sell on the Upside Before Growth Plateaus

“Well, what you look for is, is you look at your growth trajectory, right? You look for that hockey stick or anything that approximately is a hockey stick. And as soon as you can start predicting when the plateau is going to occur, you want to sell on, on the u…”

Mike Lapchick Jun 1, 2018 ▶ 6:51 1042 "We're selling the company right now" for $10m+

Assertion Not checkable as stated

Lapchick: Shotfarm's average customer pays $1,200 per month

“Our average MRR is 1200 a month.”

Mike Lapchick Jun 1, 2018 ▶ 3:21 1042 "We're selling the company right now" for $10m+

Assertion Partly supported

Lapchick: Shotfarm Raised $10M While Competitor Salsify Raised $57M

“So and then, so we raised 10, we got competitors in now at fifty-seven million in funding.”

Mike Lapchick Jun 1, 2018 ▶ 8:13 1042 "We're selling the company right now" for $10m+

Assertion Not checkable as stated

Shotfarm Maintains Negative 0.5% Monthly Net Revenue Churn

“Right now we are at negative half a point.”

Mike Lapchick Jun 1, 2018 ▶ 15:20 1042 "We're selling the company right now" for $10m+

Assertion Not checkable as stated

Shotfarm Has 12,000 Platform Users and Over 100 Paying Customers

“Well, so we have 12,000, we have 12,000 companies using the platform. Not all of them are paying, but more than a hundred are paying.”

Mike Lapchick Jun 1, 2018 ▶ 16:34 1042 "We're selling the company right now" for $10m+

Assertion Not checkable as stated

Lapchick: Shotfarm incurs $20 to $30 annual cost per free user

“My carrying costs for a free customer is about 30 bucks a year, 20 bucks a year, and around there. maybe even a little bit less, depending on how much storage, free storage they're using, or how much of the free storage they're using.”

Mike Lapchick Jun 1, 2018 ▶ 20:32 1042 "We're selling the company right now" for $10m+

Opinion

Lapchick: Free-to-paid in-app conversion was Shotfarm's biggest failure

“I'll tell you where we failed is in the in-app marketing. This is the biggest botched opportunity that we've, that we had was converting the free to paying users, right?”

Mike Lapchick Jun 1, 2018 ▶ 21:48 1042 "We're selling the company right now" for $10m+

Assertion Not checkable as stated

Lapchick: Shotfarm sales team never targeted 9,000 free platform companies

“So, so the sales team started in 2016 and they, we had so much inbound interest that that's what they sold. We did, they never even looked at the 9000 companies at the time as an upsell.”

Mike Lapchick Jun 1, 2018 ▶ 22:25 1042 "We're selling the company right now" for $10m+

Disclosure

Lapchick: Shotfarm was founded to fund philanthropic checks after previous exit

“The real deal is that I had a number of checks written out to various charities and personal interests. But they were, they're all checks out to they were giving. It was philanthropic. And I started this company so that I could sign those checks, and I made en…”

Mike Lapchick Jun 1, 2018 ▶ 5:31 1042 "We're selling the company right now" for $10m+

Disclosure

Shotfarm Indexes Brand Pricing on Storage Rather Than Product Records

“Primarily, it's the brands who foot the bill for this service. Not per record. They pay, we index everything off of storage instead of the number of products that go across.”

Mike Lapchick Jun 1, 2018 ▶ 13:46 1042 "We're selling the company right now" for $10m+

Opinion

Lapchick: SaaS investor David Skok is brilliant despite backing Shotfarm's rival

“No, I'm not a CEO, but I do follow David Skok quite, Closely. So North bridge. So these guys are ironically investors in, in my biggest competitor, but the guy's freaking brilliant.”

Mike Lapchick Jun 1, 2018 ▶ 25:11 1042 "We're selling the company right now" for $10m+

Appearances (1)

Episode	Date	Speaking time
1042 "We're selling the company right now" for $10m+	Jun 1, 2018	14m

Mike Lapchick

The record, in short

How they sound: not measured why? →

Appearances (1)

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