Ardius charged 10% to 30% of recovered tax savings as success fees
Josh Lee · Ardius Finds $500m in Tax Credits for Startups, Exits to Gusto · Aug 5, 2021 · at 6:41
Josh Lee, founder of R&D tax credit platform Ardius, explains the company's pricing structure and contingency fees to Nathan Latka.
0:00 / 0:03exact quote · 3.9s
720p mp4 · rendered on demand · StarZero watermark
“Right now we're averaging anywhere from 10 to about 30.”
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 →
More from Josh Lee
Big Four accounting firms are too expensive for early-stage startups
“And so we actually took them to my former big four and they couldn't service us. We were just too small. Some of our companies were pre-revenue and, you know, the, You know, the labor intensity and the bill rates were just too high for the startups to actually…”
Ardius competitors raised capital at valuations up to $500 million
“I mean, we have our, like I said, competitors out there raising it like, you know, half a billion dollar valuations, right? Or in the hundreds of millions.”
Constant regulatory changes make the tax code ideal for software automation
“And so I think tax is one of those areas that, that we feel are most conducive for software, right? Because the tax code, internal revenue code changes all the time. And it actually makes a lot of sense to, you know, to change and program that at the top level…”
Ardius received Series A offers at $50M to $100M+ valuations
“We got offers anywhere at a fifty million, a hundred million. I mean, even one that was above that as well.”