why aren't all 12 resolved? a statement only gets an assessment when the public
record can support or contradict it. opinions and what-ifs never can, and 0 checkable
ones are still open, waiting for their date. predictions held up or didn't;
assertions are supported or contradicted. on every card:
▮▮▮▮▮ certainty ·
▮▮▮▮▮ debate potential. speakers are clickable
Disclosure
Bladen: Kadence raised Series A at mid-teens ARR multiple
“Mid teens.”
Assertion Contradicted
Bladen: Willis Towers Watson cut real estate footprint, saving $500M annually
“So you can be a company like Willis Tau Watson that works with us, right? They've gone from 10.1 to 4.7 million square feet. So now that everybody's not in the office every single day, though, that's obviously a various difference across lots of different comp…”
Disclosure
New VCs urged Bladen to abandon early investors; he pitched 100 instead
“We had a lot of investors saying, hey, new, new investors, we wanna come into Cadence, just ditch them, start this afresh on the side but that didn't feel like winning the right way to me, so we, I did over a hundred investors to get the round done”
Disclosure
Bladen reset the company cap table after being diluted to 15 percent
“I was down to about 15% of the business at that point, and so yeah, I went to them, proposed, hey, we're gonna have to, the way to protect everybody's ownership, keep you guys all in, is to do an options increase so that's what we did.”
Assertion Not checkable as stated
Bladen: Kadence achieved over 130% net dollar retention
“North of a 130%.”
Assertion Not checkable as stated
Bladen: Kadence ARR run rate is around $15M
“We don't talk too publicly about it, but yeah, we're in and around that range.”
Disclosure
Bladen: Kadence manages workplaces for 600 companies including Boeing and Revolut
“So WeWork with about 600, WeWork, 600 companies around the world. Think Boeing, Bombardier, Rolls-Royce, Porsche, Revolut, helping them manage their own workplaces.”
Disclosure
Bladen: Kadence has no million-dollar ACV customers yet
“No million-dollar customers yet. We've got a couple that are pretty close in our pipe”
Assertion Partly supported
Bladen: Chargifi raised ~$17.5M from Intel and Hewlett Packard Enterprise
“We raised about 17 and a half million dollars from Intel and Hewlett Packard Enterprise.”
Disclosure
Bladen: About 10,000 Teams Use Kadence
“We've got about 10,000 teams that use Cadence”
Disclosure
Bladen: Kadence Flex offers access to 15,000 co-working locations globally
“We do have a product called Cadence Flex, which does allow you to get access to about 15,000 co-working locations around the world.”
Assertion Not checkable as stated
Bladen: Chargifi had tens of customers and was nowhere near $1M ARR
“We had tens of customers at the time. Still wasn't anywhere near, like, a million in ARR.”