Scott Stevenson
Scott Stevenson is the co-founder and CEO of Spellbook, a Canadian legal AI company that builds AI tools for contract drafting and review. He is best known in the AI industry for publicly calling out the widespread practice among AI startups of reporting Contracted ARR (CARR) as actual revenue, inflating apparent figures by as much as three to five times. Spellbook, which Stevenson co-founded with a background in software engineering and SaaS, serves over 4,000 customers across 80 countries and has raised more than $80 million in funding.
“The reason many AI startups are crushing revenue records is because they are using a dishonest metric. The biggest funds in the world are supporting this and misleading journalists for PR coverage.”
Source→“Scott at Spellbook did a great job of highlighting some of what you might describe as bad behavior on the part of some companies.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.