Phil Reynolds

Co-Founder and CEO, DevStride · 1 appearance on the record.

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Phil Reynolds is the co-founder and CEO of DevStride, an enterprise agile management and project portfolio software platform. He previously co-founded and served as CEO for over 15 years at BriteCore, a cloud administration platform for insurance carriers.

11statements → 2claims → 0claims resolved → 3.91/5average certainty → 2/5average debate potential → ≈4.5/5argument clarity, estimated →

2 not checkable as stated how the 2 claims stand · each chip opens the sources

2 assertions · 1 opinion · 3 insights · 4 disclosures · 1 what if · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 0 are resolved, and 2 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 Phil 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 Phil Reynolds on measured tape to publish a rate. This says nothing about how they speak.

What they said11 Episodes1

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

What-if

Reynolds: BriteCore would have scaled faster by raising venture capital earlier

“What I learned at the end of it, by the time I went and raised money was boy, I could have got a lot done a lot faster. Had I just gone out and raised money to begin with.”

Phil Reynolds Oct 3, 2022 ▶ 1:20 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Insight

Reynolds: Enterprise software cannot be effectively built with small bootstrapped teams

“Those enterprise customers need enterprise features and it's just really difficult to build that with, you know, two or three people bootstrapped in a garage somewhere. You need real, you know, professionals with real resources, real access to customers.”

Phil Reynolds Oct 3, 2022 ▶ 2:50 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Opinion

Reynolds: ClickUp and Monday.com only solve task-list project management

“And what that really means is what makes it different from, I know you've had Zeb on before with ClickUp and ClickUp's an amazing product. Monday's an amazing product. They're all amazing. They're all solving a different problem than we are. They're solving so…”

Phil Reynolds Oct 3, 2022 ▶ 6:36 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Insight

Reynolds: Early freemium tiers signal that enterprise software is worthless

“A lesson I learned a long time ago in building enterprise software is your software is worth what you say it's worth a lot of times. Early on. And so if you tell people it's worth nothing and you offer a freemium tier, then it's kind of worth nothing.”

Phil Reynolds Oct 3, 2022 ▶ 12:45 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Insight

Reynolds: Advisory boards convert enterprise experts into early adopters

“We set up some advisory boards and I strategically invited some people to that advisory board that I knew might be future users of my software. Number one, because they're experts in the space and they know how to advise and guide the team on building the best…”

Phil Reynolds Oct 3, 2022 ▶ 13:27 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Disclosure

DevStride split equity 50-50 between cash-funding and engineering co-founders

“And so the way we set it up there's myself, my wife Kui Tim Hoja and another gentleman, Aaron Salaf, who are the founders. There's four of us and the two of us kicked in the cash. We took 50% of the equity. The other two of them really brought a lot of additio…”

Phil Reynolds Oct 3, 2022 ▶ 16:31 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Disclosure

Reynolds: DevStride keeps software development fully in-house at early stage

“Development we keep totally in house. I do not fully trust development to go out the door at this early stage.”

Phil Reynolds Oct 3, 2022 ▶ 20:07 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Assertion Not checkable as stated

Reynolds: BriteCore grew from $900k to $20M ARR after raising capital

“Before the first dollar of external capital, we were up to about 900,000 a year in ARR. And then you know, we raised that money, took it to about five million and then went from five million to about twenty million and cutting into the series B.”

Phil Reynolds Oct 3, 2022 ▶ 2:14 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Disclosure

DevStride raised a $3.3M pre-seed at an $8M pre-money valuation

“So we raised that at an eight million dollar pre, and so we negotiated the pre to be stable, and then the amount we raised would be the amount that we diluted beyond that.”

Phil Reynolds Oct 3, 2022 ▶ 8:23 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Assertion Not checkable as stated

Reynolds: 150 former engineers requested to join DevStride when hiring opens

“I have several hundred engineers that were on my payroll before and a 150 of them have reached out and said, Hey, as soon as you can hire me, please do.”

Phil Reynolds Oct 3, 2022 ▶ 20:21 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Disclosure

Reynolds: $500,000 angel check was 5% to 10% of liquid capital

“That's probably, that's five to 10% of the total amount of liquid capital I have available.”

Phil Reynolds Oct 3, 2022 ▶ 15:10 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Appearances (1)

Episode	Date	Speaking time
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week	Oct 3, 2022	12m

Phil Reynolds

The record, in short

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Appearances (1)

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