The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

12statements match

0resolved → 0open claims → 0supported → 0contradicted →

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

Mike Adams discloses unannounced $3M SAFE raise for Grain

“So it's one at the beginning and then three in a price round, that four was announced and we raised an additional three that has not yet been announced.”

Mike Adams May 25, 2021 ▶ 7:21 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Prediction Not checkable as stated

Grain is on track to hit $1M ARR by end of 2021

“Oh, absolutely. I mean, for us, the growth rate is continuing to grow and increase. We've just been, just begun to tap the market. And so we're absolutely on track for that, that being our goal this year.”

Mike Adams May 25, 2021 ▶ 15:56 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Disclosure

Adams: MissionU had $8.5M in cash when acquired by WeWork

“We still had an eight and a half million dollars in the bank. So we made a call. It's not like we ran out of the money.”

Mike Adams May 25, 2021 ▶ 3:28 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Disclosure

Adams: MissionU's acquisition by WeWork was a flat exit

“It's a flat exit for everybody.”

Mike Adams May 25, 2021 ▶ 2:06 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Disclosure

Grain co-founder Mike Adams discloses $7M raised and 15-person team size

“So it's been about seven million dollars total that we raised. And our team is about 15 people.”

Mike Adams May 25, 2021 ▶ 7:08 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Assertion Not checkable as stated

Adams confirms Grain's follow-on SAFE had a substantially higher valuation cap

“Substantially higher.”

Mike Adams May 25, 2021 ▶ 8:42 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Assertion Not checkable as stated

Adams: The average customer team using Grain is about three people

“The average team is about three people right now.”

Mike Adams May 25, 2021 ▶ 12:34 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Disclosure

Adams: Grain operates purely self-serve without a sales team

“Our self-serve model, we don't have a sales team yet. We're just kind of you sign up for grain, you start using it and you can grow and expand that, that usage.”

Mike Adams May 25, 2021 ▶ 12:47 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Assertion Not checkable as stated

Grain surpasses 10,000 registered sign-ups and several hundred paying accounts

“So we have we have several hundred paying accounts and then across that, you know, we have a lot of users per account. And so we right now are we have well over 10,000 that have signed up for the product.”

Mike Adams May 25, 2021 ▶ 14:15 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Assertion Not checkable as stated

Grain converts about 3% of new sign-up accounts to paid plans

“So on an account basis, we have it, you, it ends up being at about a three percent conversion rate on the new companies that come in and that are getting into a paid account.”

Mike Adams May 25, 2021 ▶ 14:48 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Assertion Not checkable as stated

Adams: Grain sees under 10% churn for activated teams

“So once you've established that there's a core use case for Grape, we found a less than a 10% churn rate there across time. And we've had those teams for well over a year now.”

Mike Adams May 25, 2021 ▶ 17:28 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

Assertion Not checkable as stated

Grain's paid customer base is split 50/50 between Unlimited and Pro tiers

“We're about 50, 50 between people who are on unlimited and people who are on pro.”

Mike Adams May 25, 2021 ▶ 15:43 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround

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