Assertion certainty 4/5 debate potential 1/5

Garcia: Solides has almost 20,000 paying business subscribers

Alessandro Garcia · Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation · Apr 7, 2023 · at 1:57

Alessandro Garcia is the founder and CEO of Solides, a Brazilian HR tech platform for small and medium-sized enterprises.

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“We have almost 20,000 companies as subscribers”

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The claim, plainly

Solides has almost 20,000 company subscribers.

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.

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Mentioned

Solides subscribers

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Opinion

Garcia: Solides is the only SMB HR software player in Brazil

“Today we don't have other players providing HR software for small video companies in Brazil. In the US you have a Bumble HR and other players, but here we are playing this game alone.”

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Opinion

Garcia: No other company globally uses behavioral algorithms beyond hiring

“I believe no one in the world is using behavior algorithm to make that. It's only to see how people works in hiring process.”

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Assertion Supported

Solides raised a $100M Series B funding round

“Yes, from a wall of people, a hundred million dollars.”

Alessandro Garcia Apr 7, 2023 ▶ 4:36 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation

Assertion Not checkable as stated

Garcia: Solides avoids underwater stock option issues due to revenue growth

“Today we not have this problem, even with the, this lower of the multiples in, in valuations because we grew a lot since from them. So we don't have to deal with this problem. We have a lot of problems, but not this.”

Alessandro Garcia Apr 7, 2023 ▶ 12:26 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation

Prediction Not checkable as stated

Garcia: Solides expects to double revenue to $60M ARR in 2023

“Our expectation is to double again.”

Alessandro Garcia Apr 7, 2023 ▶ 13:55 Rippling of Brazil Solides Hit $35m ARR up from $15m ARR and Raised $100m at a $800m Valuation

Assertion Supported

Garcia: Brazilian SaaS startups average a 6x ARR valuation multiple

“We are looking the market here in Brazil, they are paying six times in average of the ARR.”

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Garcia: Solides has almost 20,000 paying business subscribers

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