Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Alexander: Network Ventures led ConceptDrop's $1.1M seed round

Phil Alexander · EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389 · Aug 17, 2016 · at 7:24

ConceptDrop CEO Phil Alexander names the lead venture capital firm in his company's $1.1 million seed financing.

0:00 / 0:05exact quote · 5.4s

720p mp4 · rendered on demand · StarZero watermark

“It's called network ventures. It was started by someone who was one of the early employees from the Pritzker group.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Network Ventures led ConceptDrop's venture round and was founded by an early employee from Pritzker Group.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Both legs of the claim are corroborated by contemporary public funding announcements and venture capital database records. In May 2016, ConceptDrop announced the closing of its $1.1 million seed round led by Network Ventures. Furthermore, Network Ventures was founded by Jeff Maters, who was previously an early employee (the third employee and later Vice President) at Pritzker Group Venture Capital.

PR Newswire (May 20, 2016) reported ConceptDrop closed a $1.1M seed round led by Network Ventures, a seed-stage firm founded by former Pritzker Group venture capitalist Jeff Maters.
Waveup VC Database documents that Network Ventures Managing Director Jeff Maters was previously the third employee at Pritzker Group Venture Capital.
Preqin and StrictlyVC records confirm Network Ventures led ConceptDrop's $1.1 million financing round in May 2016.

Checked against

[1] prnewswire.com [2] preqin.com [3] forbes.com [4] newscenter.io [5] strictlyvc.com [6] nfx.com [7] earlynode.com [8] waveup.com

"Network Ventures" "Pritzker Group" "Network Ventures" "ConceptDrop" "Jeff Maters" "Network Ventures" "Pritzker Group"

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

ConceptDrop Network Ventures Pritzker Group

⚑ Spot an error? Report it

More from Phil Alexander

Assertion Not checkable as stated

Alexander: ConceptDrop closed a six-figure enterprise deal with Fortune 100 client

“We've kind of gone from selling those individual projects to closing Six figure contract with a fortune 100 company.”

Phil Alexander Aug 17, 2016 ▶ 10:11 EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Insight

Alexander: Raising a Serious Seed Round Raises the Stakes for Early Exits

“The second you raise a serious seed round, it kind of changed the stakes for what's acceptable to everyone. And like, I made a commitment to the investors to get to a certain point. And I think Yeah. You kind of got to assume when you have these, you know, p…”

Phil Alexander Aug 17, 2016 ▶ 13:59 EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Assertion Not checkable as stated

Alexander: ConceptDrop 8x'd monthly revenue in one year and raised $1.1M

“Well, I can tell you that we worked with over 300 companies and in one calendar year, year, year, we eight X star monthly revenue. We went from two employees to eight full time employees. And in the process, we recently closed out a 1.1 million dollar venture …”

Phil Alexander Aug 17, 2016 ▶ 5:22 EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Disclosure

Alexander: ConceptDrop raised $1.1M round at $5M to $7M pre-money valuation

“Five to seven.”

Phil Alexander Aug 17, 2016 ▶ 6:14 EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Assertion Not checkable as stated

Alexander: ConceptDrop operates with fewer than 100 vetted freelance suppliers

“So we actually are working with a pretty small group of suppliers less than 100.”

Phil Alexander Aug 17, 2016 ▶ 7:43 EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Assertion Not checkable as stated

Alexander: ConceptDrop has a $500 AOV and pays freelancers 65%

“Our average, the average order value for us is about 500 dollars. So they're taking about 65% of that on average per project.”

Phil Alexander Aug 17, 2016 ▶ 8:10 EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Alexander: Network Ventures led ConceptDrop's $1.1M seed round

More from Phil Alexander

Turn any episode into a week of clips.