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

rfactr raised its $3.25M seed round in 2010

Richard Brasser · EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser · Apr 8, 2017 · at 7:16

Richard Brasser, CEO of rfactr, details historical funding amounts and dates to Nathan Latka.

0:00 / 0:06exact quote · 6.2s

720p mp4 · rendered on demand · StarZero watermark

“The last round was in 2000 10, and we raised 3.25.”

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

rfactr raised $3.25 million in its last funding round in 2010.

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

A comprehensive review of regulatory filings, venture capital databases, court records, and contemporaneous press releases contradicts the claim that rFactr (or its predecessor entity, Targeted Group, Inc.) raised $3.25 million in a funding round in 2010. SEC EDGAR records contain no Form D filings for the company reflecting a $3.25 million round in 2010 or any other year. PitchBook logs the company's earliest recorded financing as a $575,000 round in November 2011, while other venture databases and North Carolina Business Court findings (Lee v. McDowell, 2022) establish that the company was financed via small investor solicitations and convertible notes rather than a $3.25 million round in 2010.

SEC EDGAR Form D database records no exempt offering filings for rFactr, Inc. or Targeted Group, Inc. for a $3.25 million round in 2010.
PitchBook records rFactr's earliest financing as a $575,000 round on November 15, 2011, with no 2010 funding round on record.
North Carolina Business Court records (Lee v. McDowell, 2022 NCBC 28) and venture aggregator databases show rFactr was funded via convertible debt notes and small solicitations rather than a $3.25 million round in 2010.
No contemporaneous press releases or industry announcements from 2010 confirm a $3.25 million financing round for rFactr.

Checked against

[1] americanbar.org [2] midpage.ai [3] sec.gov [4] midpage.ai [5] pitchbook.com [6] pitchbook.com [7] angelspartners.com [8] tracxn.com

"Richard Brasser" "rfactr" funding million "Targeted Group" "Richard Brasser" "Form D" OR SEC "Targeted Group" "Form D" site:sec.gov "rfactr" OR "rFactr" SEC EDGAR "rfactr" "Lee v. McDowell" funding "rfactr" raised 2010 OR 2011 OR 2012 OR 2013 OR 2014 OR 2015 OR 2016 OR 2017 "rfactr" funding 2010 OR 2011 OR 2012 OR 3.25 million OR "Form D" "rfactr" "PitchBook" OR "Crunchbase" funding "Targeted Group" "Richard Brasser" funding 2010 OR 2011

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

rfactr

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Disclosure

rfactr is approaching $1M in monthly recurring revenue

“Not actually not quite, but it's, yeah, I'm close. We're close.”

Richard Brasser Apr 8, 2017 ▶ 10:04 EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser

Disclosure

rfactr reached nearly $1M MRR with zero paid acquisition spend

“We do not.”

Richard Brasser Apr 8, 2017 ▶ 12:12 EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser

Assertion Not checkable as stated

rfactr co-developed its platform with Microsoft, Oracle, and SAP

“We started with the top of the enterprise, so we cut this solution and developed it in conjunction with companies like Microsoft, Oracle, SAP you know, and a lot of others, and now we're coming down market.”

Richard Brasser Apr 8, 2017 ▶ 3:59 EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser

Assertion Not checkable as stated

rfactr deployed $9M across seed funding and founder capital

“I risked about nine million dollars.”

Richard Brasser Apr 8, 2017 ▶ 5:18 EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser

Assertion Not checkable as stated

Founders sold a previous community product spin-off for over $5M

“It was for more.”

Richard Brasser Apr 8, 2017 ▶ 9:04 EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser

Disclosure

rfactr manages 220 enterprise clients with an 18-person team

“So very small 18 folks servicing about 220 clients.”

Richard Brasser Apr 8, 2017 ▶ 9:32 EP 623: rfactr Raises $9m, $900k MRR Helping 220 Customers With Social Selling With CEO Richard Brasser

rfactr raised its $3.25M seed round in 2010

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