Ellie Mae, Inc.
Thesis
Ellie Mae is positioned to become the industry standard in the mortgage sector by providing a Software as a Service solution that streamlines the mortgage filing process. With a growing subscriber base and increasing revenue per subscriber, the company is expected to benefit from the industry's shift towards technology adoption, making it difficult for competitors to displace them.
Did it work?
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis suggests a long-term trend towards technology adoption in the mortgage sector, but without evidence of subscriber growth or revenue changes, we cannot determine the outcome. Therefore, the confidence in this assessment is low.
Raw excerpt
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