INSUBCONTINENT EXCLUSIVE:
Spiff, a Salt Lake City-based company pitching a new service for calculating sales commissions for salespeople around the world, has raised
team kicked in $500,000 for the new round, which also included commitments from Peak Ventures, Kickstart Seed Fund, Peterson Partners and
deals working with software as a service vendors like Podium, Weave, Bitglass, Workato, Sendoso, HireVue and Lucid.Paul has had a long
career starting and selling businesses before he launched Spiff in 2018
The serial entrepreneur previously sold Capshare to a subsidiary of Morgan Stanley; launched and sold Scalar Analytics; and Boardlink,
which was bought by ThomsonReuters, according to the company.Spiff projects that the market for sales commissions in the United States is
roughly $800 billion, with the incentive compensation market numbering in the trillions of dollars
