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René Lacerte

1 appearance on the record.

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

14statements → 8claims → 5claims resolved → 80%fully supported → 4.07/5average certainty → 1/5average debate potential → 4said about them ↓

4 supported 1 partly supported 0 contradicted 3 not checkable as stated how the 8 claims stand · each chip opens the sources

8 assertions · 6 disclosures · every statement was checked. The predictions and assertions are the 8 claims: statements the public record can support or contradict. 5 are resolved, and 3 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 René 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
Lacerte: Bill.com has over two million entities using its payments network
“And we have over two million entities that are in our network now that use us to pay and get paid.”
René Lacerte May 24, 2017 ▶ 4:52 668: Will Bill.com and Intuit Lead Small Business FinTech Space?

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
88% certainty 4
100% 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 René Lacerte on measured tape to publish a rate. This says nothing about how they speak.

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

Disclosure
Lacerte: Bill.com is embedding its product directly inside Intuit's QuickBooks Online
“Also in addition to banks, we have a great partnership with Intuit where we are just in the process of becoming embedded inside of QuickBooks Online.”
René Lacerte May 24, 2017 ▶ 17:13 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Partly supported
Lacerte: Bill.com processes $40B annually with a $1,700 average transaction size
“We do close to forty billion dollars a year in money movement, and the average transaction is 1700 to 2000 dollars”
René Lacerte May 24, 2017 ▶ 2:26 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Not checkable as stated
Bill.com reduces customer paper payments from 95% to 35% in one year
“When a customer comes to us, 95% of their payments are paper-based. And we're able to move that to, you know, probably 35 to 40% over the course of the first six to 12 months.”
René Lacerte May 24, 2017 ▶ 3:45 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Disclosure
Lacerte: Bill.com charges $0.49 per electronic payment
“We charge 49 cents for an electronic payment period.”
René Lacerte May 24, 2017 ▶ 4:31 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Supported
Lacerte: Bill.com has over two million entities using its payments network
“And we have over two million entities that are in our network now that use us to pay and get paid.”
René Lacerte May 24, 2017 ▶ 4:52 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Supported
Lacerte: Bill.com raised $110 million in venture capital over 10 years
“And so this one, we have about a hundred and ten million from venture capital. In the company over the last 10 years.”
René Lacerte May 24, 2017 ▶ 6:01 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Supported
Lacerte: Intuit acquired his previous startup PayCycle for $170 million in 2009
“We sold it for a hundred and seventy million.”
René Lacerte May 24, 2017 ▶ 11:24 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Not checkable as stated
Lacerte: Bill.com retains over 90% of customers who complete their activation
“And when I say the most part, I mean like well over 90%, right? If they sign up and then they don't do any of those things, and in particular if they don't get the sync done or don't get a payment done you know, then within 90 days, you know, we might lose 20%…”
René Lacerte May 24, 2017 ▶ 13:36 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Supported
Lacerte: The average Bill.com customer pays around $100 per month
“The average customer is paying us around a hundred dollars a month.”
René Lacerte May 24, 2017 ▶ 14:02 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Assertion Not checkable as stated
Lacerte: Bill.com adds over 2,000 new active business customers every month
“Oh yeah. Yeah.”
René Lacerte May 24, 2017 ▶ 15:56 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Disclosure
Lacerte: Bill.com consistently hits a 10 to 15-month CAC payback period
“Our payback target is, you know, somewhere between 10 and 15 months. And generally we had that.”
René Lacerte May 24, 2017 ▶ 17:22 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Disclosure
Lacerte: Bill.com models average customer lifetime at well over five years
“We assume, you know, well over five years, but we don't actually know because, you know, the data is just growing so fast, and, you know, we expect that, you know, customers will last longer, so we've had some customers obviously been in market right now for m…”
René Lacerte May 24, 2017 ▶ 18:03 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Disclosure
Lacerte: Bill.com will eventually use SMB data to enable partner lending
“We will, I would imagine someday in the future, we will do something with that to help other people do the lending that they want to be able to do”
René Lacerte May 24, 2017 ▶ 21:33 668: Will Bill.com and Intuit Lead Small Business FinTech Space?
Disclosure
Lacerte: Bill.com does not sell SMB financial data or partner for lending
“So we do not sell anything today. We have not partnered with anybody today”
René Lacerte May 24, 2017 ▶ 21:07 668: Will Bill.com and Intuit Lead Small Business FinTech Space?

The other half of the tape: René Lacerte's own voice is left out of every number here. Other people bring the name up 4 times in 2 episodes on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 4

Every mention by year

tap a year for its mentions
0021422017episodesmentions
0122017episodes it came up in
0011222017episodesmentions per episode
2017 4 mentions in 2 episodes 2 per episode

Appearances (1)

EpisodeDateSpeaking time
668: Will Bill.com and Intuit Lead Small Business FinTech Space? May 24, 2017 14m
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