why aren't all 10 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
Assertion Not checkable as stated
Alexander: ConceptDrop closed a six-figure enterprise deal with Fortune 100 client
“We've kind of gone from selling those individual projects to closing Six figure contract with a fortune 100 company.”
Insight
Alexander: Raising a Serious Seed Round Raises the Stakes for Early Exits
“The second you raise a serious seed round, it kind of changed the stakes for what's acceptable to everyone. And like, I made a commitment to the investors to get to a certain point. And I think
Yeah.
You kind of got to assume when you have these, you know, p…”
Assertion Not checkable as stated
Alexander: ConceptDrop 8x'd monthly revenue in one year and raised $1.1M
“Well, I can tell you that we worked with over 300 companies and in one calendar year, year, year, we eight X star monthly revenue. We went from two employees to eight full time employees. And in the process, we recently closed out a 1.1 million dollar venture …”
Disclosure
Alexander: ConceptDrop raised $1.1M round at $5M to $7M pre-money valuation
“Five to seven.”
Assertion Not checkable as stated
Alexander: ConceptDrop operates with fewer than 100 vetted freelance suppliers
“So we actually are working with a pretty small group of suppliers less than 100.”
Assertion Not checkable as stated
Alexander: ConceptDrop has a $500 AOV and pays freelancers 65%
“Our average, the average order value for us is about 500 dollars. So they're taking about 65% of that on average per project.”
Assertion Not checkable as stated
Alexander: ConceptDrop 10xed monthly revenue in 2015 from $10K-$15K/month
“In back in early part of 2015, we hadn't launched a marketplace. We were, you know, doing, you know, not single digits in monthly revenue, but we were doing, you know, in the lower 10 to 15,000 per month, we basically 10 X that in a year.”
Assertion Not checkable as stated
Alexander: ConceptDrop customers typically repurchase in 60 to 90 days
“Because of the kind of the nature of what we're doing, we typically see people come back in like 60 to 90 days, but that's been a big focus for us.”
Disclosure
Alexander: ConceptDrop raised $250K convertible note before venture round
“We did do a convertible note. We had raised about a quarter million dollars on a convertible note prior to that round.”
Assertion Supported
Alexander: Network Ventures led ConceptDrop's $1.1M seed round
“It's called network ventures. It was started by someone who was one of the early employees from the Pritzker group.”