Assertion certainty 4/5 debate potential 1/5

Compain: ClearMetal collected paying contract revenue in its first year

Adam Compain · Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse. · Jul 31, 2020 · at 9:03

ClearMetal CEO Adam Compain explains the supply chain SaaS company's early timeline and prototyping phase out of Stanford to host Nathan Latka.

0:00 / 0:04exact quote · 4.7s
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“We were under a commercial contract with first dollars collected within the first year we wrote code.”

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More from Adam Compain

Insight
Compain: SaaS Series B rounds typically require $5M-$12M ARR
“I mean, I'd say companies are on Silicon Valley and SAS. We're seeing anywhere between You know, five to twelve million of ARR annual recurring revenues per year is typically that striking point of a series B, which would be, you know, 20 to forty million of a…”
Adam Compain Jul 31, 2020 ▶ 16:02 Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse.
Assertion Not checkable as stated
Compain: ClearMetal is growing roughly 4x year-over-year
“We're, I mean, we're looking at probably four X year over year.”
Adam Compain Jul 31, 2020 ▶ 19:22 Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse.
Assertion Not checkable as stated
Compain: ClearMetal has had zero customer churn to date
“We have not to date had a customer churn after subscribing to our software.”
Adam Compain Jul 31, 2020 ▶ 21:47 Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse.
Disclosure
Compain: ClearMetal contracts range from mid six figures to low seven figures
“Typically we're looking at, I'd say low to often mid six figures and then you know, low seven figures per year.”
Adam Compain Jul 31, 2020 ▶ 3:52 Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse.
Disclosure
Compain: ClearMetal contract fees are 50% to 60% fixed platform fees
“I mean, typically, you know, we're talking probably call it 50, 60% of the fee would be a fixed. And the variable component is often a lesser component of that.”
Adam Compain Jul 31, 2020 ▶ 6:57 Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse.
Disclosure
Compain: ClearMetal raised about $25M across three funding rounds
“We've now gone through three rounds of capital with a total investment of around twenty five million or so.”
Adam Compain Jul 31, 2020 ▶ 9:26 Big brands, manufacturers with raw material (oil plastic) where going factory to warehouse.
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