Assertion certainty 3/5 debate potential 1/5

Gottfried: UtilizeCore grew transaction revenue from $150K in 2017 to $1.6M in 2020

Ryan Gottfried · Niche $2m Contractor Management SaaS Raising $7m on $30m Pre · Feb 27, 2021 · at 6:24

Ryan Gottfried, founder and CEO of UtilizeCore, details the historical growth of the company's transaction fee revenue from 2017 through 2020.

0:00 / 0:17exact quote · 17.9s

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“So, 2020, one, six 2019 was seven, around 700,000. 2018 was, you know, roughly 300,000, and then 2017 was around a 150,000.”

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The claim, plainly

UtilizeCore generated approximately $150,000 in transaction take-rate revenue in 2017, $300,000 in 2018, $700,000 in 2019, and $1.6 million in 2020.

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Mentioned

UtilizeCore

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More from Ryan Gottfried

Prediction Not checkable as stated

UtilizeCore expects to process $1B in transaction volume over 12 months

“We're estimating close to a billion dollars of you know, processing through the platform in the next, you know 12 months or so.”

Ryan Gottfried Feb 27, 2021 ▶ 7:46 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Assertion Not checkable as stated

Gottfried: Brightview processed $250M through UtilizeCore

“Brightview processed two hundred and fifty million through our platform.”

Ryan Gottfried Feb 27, 2021 ▶ 7:09 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Assertion Not checkable as stated

Gottfried: UtilizeCore has over 20 paying service management clients

“Over 20 companies today.”

Ryan Gottfried Feb 27, 2021 ▶ 4:16 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Disclosure

UtilizeCore charges a $33K annual fee plus 0.5% per transaction

“We, it's 33,000 dollars for the subscription for the year. We, it's a one-time fee, and then we charge per transaction. We take a half a percent per transaction that goes through the platform.”

Ryan Gottfried Feb 27, 2021 ▶ 4:22 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Disclosure

Gottfried: UtilizeCore has been entirely bootstrapped

“Absolutely. All bootstrapped.”

Ryan Gottfried Feb 27, 2021 ▶ 8:13 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Disclosure

UtilizeCore is raising $5M to $7M to accelerate growth

“We think we're going to need, you know, five, seven plus million, you know, to really see growth.”

Ryan Gottfried Feb 27, 2021 ▶ 9:22 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Gottfried: UtilizeCore grew transaction revenue from $150K in 2017 to $1.6M in 2020

More from Ryan Gottfried

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