Benny Schneider, co-founder of Salto, responds to Nathan Latka's questions about dilution and raising a large Series B funding round.
Assertion Not checkable as stated
Schneider: Enterprise customers utilize thousands of distinct business SaaS tools
“In reality, people will always talk to you about two, three, maybe four, one for CRM, one for finance, one for marketing, and maybe one for HR. But when we go and talk to customer, they have thousands of tools.”
Assertion Contradicted
Schneider: Salto syncs SaaS configurations, whereas Zapier just moves data
“If you think about Zapier that you just mentioned, they are connecting more the data at Move. We are connecting the configuration of all those tools, and we are synchronizing the configuration. So if you think about this, there are three parts here. There is t…”
Insight
Schneider: Business operations tooling lags decades behind modern software engineering
“If you think about the methodology being used by the developer, they are like, fifth generation of, ah, you know, technology. When you look at the technology used to develop the other tools, the business operation tools, they are like two G.”
Insight
Schneider: Late-Stage Funds Enable Israeli Startups to Avoid Early Exits
“Finally, the late stage funds have discovered Israel. So we see, we call them crossover fund, but it's really late stage that are allowing Israeli companies to run all the way and not sell themselves too early to American corporations. Like we did, let's say f…”
Assertion Not checkable as stated
Schneider: Salto has about 10 paying customers
“We are working with tens of customers and we have already about 10 paying customers.”
Assertion Partly supported
Schneider: Salto raised about $70M across three funding rounds
“We raised all together, like you said, 70, about seventy million dollars in three rounds.”