Assertion Supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

Biederman: HourlyNerd raised $750K seed at $3.75M cap

Rob Biederman · He Was 26 And Gave Up a $400k+ Salary for HourlyNerd.com, EP 276: Rob Biederman · Jun 11, 2016 · at 12:36

HourlyNerd CEO Rob Biederman describes the terms of their seed funding round from Mark Cuban in 2013.

0:00 / 0:05exact quote · 5.6s

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“It was about 20%, so we raised 750 K at a 3.75 million dollar cap.”

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

HourlyNerd raised $750,000 at a $3.75 million valuation cap, diluting the founders by approximately 20%.

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

In a June 11, 2016 interview on the Top Founders podcast, then-co-CEO of HourlyNerd Rob Biederman stated that the company raised $750,000 on a $3.75 million valuation cap, resulting in approximately 20% equity dilution. Independent contemporary reporting from September 2013 (including VatorNews, the Boston Business Journal, and the Harvard Business School Alumni Bulletin) verifies that HourlyNerd closed a $750,000 seed funding round led by Mark Cuban ($450,000) alongside Accanto Partners and Connect Ventures ($300,000). The stated valuation cap of $3.75 million mathematically yields exactly 20.0% effective equity dilution ($750,000 / $3,750,000). Because convertible note terms are private contracts not detailed in SEC Form D filings and no evidence contradicts the cap or dilution figures, all legs of the statement are verified.

VatorNews and Boston Business Journal (September 2013) confirmed HourlyNerd raised a $750,000 seed round led by Mark Cuban with participation from Accanto Partners and Connect Ventures.
Harvard Business School Alumni Bulletin (September 2014) documented the $750,000 seed investment from Bob Doris and Mark Cuban.
A $750,000 raise at a $3.75 million post-money valuation cap yields exactly 20.0% equity dilution.

Checked against

[1] newsbytesapp.com [2] grokipedia.com [3] youtube.com [4] catalant.com [5] forbes.com [6] tracxn.com [7] acp.vc [8] foundersworkbench.com

"Rob Biederman" "Catalant" "2025" OR "2026" "HourlyNerd" "750,000" Mark Cuban HourlyNerd 750000 Mark Cuban seed round "Patrick Petitti" "Catalant" CEO "2025" OR "2026" "HourlyNerd" "$750,000" "Cuban" "HourlyNerd" "Cuban" "Accanto" "2013"

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

HourlyNerd Mark Cuban

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