Dan Reich, CEO of Troops AI, responds to Nathan Latka regarding the company's cash reserves and capital efficiency.
0:00 / 0:02exact quote · 2.1s
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“We have most of it still sitting in the bank.”
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More from Dan Reich
Opinion
Reich: Salesforce and legacy CRMs feature painful 1990s-style user interfaces
“A problem with it and many like it is it's incredibly painful to use, right? Like you log into an interface that looks like it's from the nineties with a bunch of fields, forms, buttons, and boxes.”
Dan ReichApr 17, 2019▶ 7:441362 How Troops AI Became #1 Slack Integration, $1m+ in ARR, $17m Raised
Insight
Reich: VC pitches left me jealous of founders or lamenting wasted time
“Either I'd have an amazing conversation with an entrepreneur and just be really jealous that I wasn't doing that. Or I'd have just a horrible conversation with an entrepreneur and say, man, where did that hour of my life go? And I'll never get that back. And s…”
Dan ReichApr 17, 2019▶ 6:451362 How Troops AI Became #1 Slack Integration, $1m+ in ARR, $17m Raised
Insight
Reich: Overpriced SaaS companies inevitably get undercut by cheaper rivals
“I've seen many companies just price way too high and inevitably SaaS get undercut by the next startup and the next startup, then free, then some other alternative business model.”
Dan ReichApr 17, 2019▶ 17:091362 How Troops AI Became #1 Slack Integration, $1m+ in ARR, $17m Raised
Disclosure
Reich: Troops AI raised an unannounced $8 million Series B
“So believe it or not, we just did a series B a few weeks ago. It's public, but we didn't do any press around it. So we raised another about eight million just a few weeks ago.”
Dan ReichApr 17, 2019▶ 20:131362 How Troops AI Became #1 Slack Integration, $1m+ in ARR, $17m Raised
AssertionSupported
Reich: Troops AI counts WeWork, Slack, Square, and Flexport as customers
“Some of our customers include guys like WeWork, Looker, Slack, Envision, Flexport, Square.”
Dan ReichApr 17, 2019▶ 10:221362 How Troops AI Became #1 Slack Integration, $1m+ in ARR, $17m Raised
AssertionSupported
Reich: Troops AI was likely Slack's first-ever Series A investment
“Slack is actually one of our investors. I think we're the first series A investment they ever made.”
Dan ReichApr 17, 2019▶ 10:511362 How Troops AI Became #1 Slack Integration, $1m+ in ARR, $17m Raised
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