Fathom Has a Noteworthy Product, but a Long Road Ahead - KingsCrowd

Analyst Report: Upgrade for access Fathom Has a Noteworthy Product, but a Long Road Ahead

Fathom’s AI Notetaker app is a convenient alternative to frantically jotting notes during video calls. But its market opportunity seems tiny.

 
Details
Company: Fathom Video on Wefunder 2022
Security Type: SAFE
Valuation: $30,000,000
Min Investment: $100
Platform: Wefunder
Deadline: Feb 28, 2023
$915,609
Olivia Strobl - December 20th

Take Note

I love speaking to founders. It is arguably the best part of my job. I start off most founder interviews with a simple question: “What is the genesis story of your company?” Founders are some of the best storytellers, and when I ask this question, I am always fully engrossed in whatever they have to say. It’s easy to get so swept up in the narrative and forget that I am supposed to be taking notes for my analyst reports. When I came across Fathom’s AI Notetaker, a Zoom app for taking notes during meetings, I immediately installed it. And if you, like me, spend half your work hours on Zoom, you may want to try it yourself.

Fathom’s software records a Zoom call while allowing users to highlight important moments in a call, transcribe calls, generate a call summary, and even sync with a customer relationship management (CRM) tool. Clips can also be synced with Slack in real time. For example, if an investor had a question about how your startup’s technology works, you could send a clip of the question directly to your engineering team’s Slack channel, all while staying on the call. 

The cherry on top is that Fathom is free for individual use. I recently spoke with Richard White, the founder of Fathom, about the software. Selling a business plan is in the works, but he plans to keep the software free for individual users (something I was very excited about as a consumer). 

Richard sent me a link to the recording of our call with Fathom highlights and transcription. (I redacted the transcription for privacy.) I loved being able to search within the transcript, especially while writing this article. In fact, this is my favorite feature. Having a side panel that sorted attendees, action items, highlights, and questions by speaker was extremely helpful in my follow-up. I did notice there were some minor transcription errors, but that was to be expected. 

If you couldn’t tell, I am a big fan of this product. But there is a difference between being a fan of a product and thinking that the company would make a strong addition to an investment portfolio. The product is fantastic, and in a lot of ways, the company is poised for success. But, as always, there are risks and concerns to note as a potential investor.

Pay Annually
and save 17%

This article requires: Edge Pro

Full site access including KingsCrowd's qualitative analyst reports.

$
49.95 /month
41.58 /annually
 

What's included

  • Everything in Edge, plus
  • Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
  • Search and filter based on Analyst Reports
  • In-depth risk ratings for every raise

Get access to the first and only premium analytics and rating platform that enables informed startup investments.

Join the KingsCrowd insiders!

Sign up for our 3 minute newsletter with fresh takes on the investments you should know.

We care about the protection of your data. Read our Privacy Policy.