Patrick Shaw

1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

14statements → 8claims → 0claims resolved → 3.88/5average certainty → 1.12/5average debate potential →

8 not checkable as stated how the 8 claims stand · each chip opens the sources

8 assertions · 2 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 8 claims: statements the public record can support or contradict. 0 are resolved, and 8 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 Patrick 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 Patrick Shaw on measured tape to publish a rate. This says nothing about how they speak.

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

Disclosure
Rapid Funnel rejects employee tracking software, managing strictly by outcomes
“The truth is, in my estimation, putting your thumb on them doesn't do any good, because you can't see them. They're not in an office, and people are like, do you have all this tracking software? Do you know how many hours they're on their computer a day? I'm l…”
Patrick Shaw Oct 29, 2022 ▶ 8:28 Building Culture, Processes and Accountablity as Remote Team.
Assertion Not checkable as stated
Rapid Funnel employs 70 remote staff on just over $3M in revenue
“Our team is 70 people in nine countries, which, yes, is probably a lot of people at just over three million in revenue now but I'll share a little bit of that, but 70 people and completely remote.”
Patrick Shaw Oct 29, 2022 ▶ 4:25 Building Culture, Processes and Accountablity as Remote Team.
Insight
Self-directed quarterly goals help managers identify top-performing remote employees
“I have to remind the executive team all the time, like, don't get fixated on being control freaks over their rock. Part of it is you're figuring out who the superstars are on the team. You're figuring who rises up and takes some ownership and Executed on the t…”
Patrick Shaw Oct 29, 2022 ▶ 15:37 Building Culture, Processes and Accountablity as Remote Team.
Disclosure
Rapid Funnel secured $1M from existing investors without giving up equity
“And I made a really compelling argument, put a whole slide deck together, and they literally gave us a million dollars. It's sitting in the bank, and we're using it to obviously to grow the company, which is cool, and I think it has a lot to do with the cultur…”
Patrick Shaw Oct 29, 2022 ▶ 21:37 Building Culture, Processes and Accountablity as Remote Team.
Insight
Onboarding a small business takes as much effort as a 5,000-seat enterprise
“It takes us almost as much work to unload a Upload or onboard a small business owner as it does a company with 5000 users.”
Patrick Shaw Dec 26, 2018 ▶ 6:56 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Assertion Not checkable as stated
Rapid Funnel hit $2.9M revenue last year, targeting over $4M
“I just went to last year's revenues, which was 2.9 million. Our goal this year is just over four million, and we're just a little bit behind that target.”
Patrick Shaw Oct 29, 2022 ▶ 3:21 Building Culture, Processes and Accountablity as Remote Team.
Assertion Not checkable as stated
Rapid Funnel maintains roughly 3% annual employee turnover
“Last year, we had three percent turnover total, and about the same the year before.”
Patrick Shaw Oct 29, 2022 ▶ 5:15 Building Culture, Processes and Accountablity as Remote Team.
Assertion Not checkable as stated
Rapid Funnel's largest client has 16,000 users paying a few dollars each
“So, so our largest is about 16,000 users, you know, and they're paying a few dollars a user, right?”
Patrick Shaw Dec 26, 2018 ▶ 4:18 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Disclosure
Rapid Funnel is self-funding after raising just $300,000 in pure equity
“No, that was pure, just equity. No payback, nothing else. And they've offered a lot more. Now we've had a lot more offers since then, but now we're self-funding and it's going great. We're dealing with large enterprise level companies.”
Patrick Shaw Dec 26, 2018 ▶ 6:18 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Assertion Not checkable as stated
Rapid Funnel has reached 50,000 downloads and 20,000 paying subscriber seats
“Individual users is about 50,000 downloads, and paying subscribers is twenty-some thousand, something like that.”
Patrick Shaw Dec 26, 2018 ▶ 6:37 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Assertion Not checkable as stated
Rapid Funnel is approaching $1 million in annual recurring revenue
“We're just shy of a million dollars in, in annual revenue right now.”
Patrick Shaw Dec 26, 2018 ▶ 10:38 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Assertion Not checkable as stated
Rapid Funnel was in development for nearly three years before selling
“We started selling about seven months ago, and we've been in existence almost three years.”
Patrick Shaw Dec 26, 2018 ▶ 4:48 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Assertion Not checkable as stated
Rapid Funnel employs 19 full-time developers across eight different countries
“We've got 20 19 full-time developers. We're in eight different countries.”
Patrick Shaw Dec 26, 2018 ▶ 11:04 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
Disclosure
Rapid Funnel has grown without using any pay-per-click advertising
“We just haven't done any kind of pay click or anything.”
Patrick Shaw Dec 26, 2018 ▶ 12:47 1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

Appearances (1)

EpisodeDateSpeaking time
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR Dec 26, 2018 9m

Played on the show (1)

Episodes where a recording of Patrick Shaw was played rather than Patrick taking part, or where the tape carries an address with nobody putting questions to them. Listed because the words are on the record, kept out of every score on this page because they were not said on this show. We read this off the tape: who was spoken to, who was asked something, who answered whom.

EpisodeDateOn tapeWhat it is
Building Culture, Processes and Accountablity as Remote Team. Oct 29, 2022 20m aired address
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