Greg Freishtat, CEO of Saleswise, details his upfront personal funding in Saleswise.
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“About a half a million bucks.”
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More from Greg Freishtat
Disclosure
Saleswise prices by total employee headcount rather than per-seat
“We are a SAS company, but we do not charge by the seat. Rather we believe in what we call democratizing data, meaning that our customers should provide our relationship intelligence to every single employee that can use it productively. So we price based upon …”
Greg FreishtatApr 16, 2017▶ 2:17631: Saleswise Raises $3m, Launches Product, Helping 12 Customers Deveop Better Relationships with Their Data with CEO Gregg Freishtat
PredictionNot checkable as stated
Freishtat expects negligible churn until direct competitors emerge
“I think we'll enjoy very, very low churn maybe even negative churn and expansion for some period of time until the market category gets established and we see some competitors”
Greg FreishtatApr 16, 2017▶ 6:58631: Saleswise Raises $3m, Launches Product, Helping 12 Customers Deveop Better Relationships with Their Data with CEO Gregg Freishtat
AssertionNot checkable as stated
Saleswise averages nearly $1,000 in monthly revenue per customer
“Somewhere just short of a thousand dollars a month. The entry level is 500 dollars for under a hundred employees. We go up to 500 employees for 2500 dollars a month.”
Greg FreishtatApr 16, 2017▶ 2:53631: Saleswise Raises $3m, Launches Product, Helping 12 Customers Deveop Better Relationships with Their Data with CEO Gregg Freishtat
Disclosure
Freishtat invests his own money in every VC round he raises
“I think I've raised about 20 rounds of venture capital over the last 20 years. I've participated in every round and will continue to participate in any time I ask outsiders for money, I tend to think I should be putting my own money alongside it.”
Greg FreishtatApr 16, 2017▶ 4:26631: Saleswise Raises $3m, Launches Product, Helping 12 Customers Deveop Better Relationships with Their Data with CEO Gregg Freishtat
AssertionNot checkable as stated
Saleswise syncs over 800 million Salesforce records daily
“We're sinking over eight hundred million Salesforce records a day, and we have over five terabits of data.”
Greg FreishtatApr 16, 2017▶ 5:21631: Saleswise Raises $3m, Launches Product, Helping 12 Customers Deveop Better Relationships with Their Data with CEO Gregg Freishtat
AssertionPartly supported
Freishtat sold unified messaging startup Talent for $20M in 1996
“Company called Talent internet company, unified messaging started in 1994, sold in 1996. The CEO flew up, said he wanted to buy the business. I said he can't afford it. He said how much? I said twenty million. He said sounds fair.”
Greg FreishtatApr 16, 2017▶ 12:16631: Saleswise Raises $3m, Launches Product, Helping 12 Customers Deveop Better Relationships with Their Data with CEO Gregg Freishtat
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