Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Adrian Dayton

๐Ÿ‘ค Speaker
447 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

You give options so they don't have to pay taxes on them.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

Right.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

And if they, if you have to pay taxes on those options, you're taking a huge risk if the company doesn't succeed.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

Right.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

So, so I don't know.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

So yeah.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

I wish though, I wish that option holders had better tax treatment.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

It seems kind of unfair that these option holders, they're taking all the same risks as the original entrepreneur, you know, in like staying with this company and then they get taxed like with regular income.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

So it's not, I just don't think it's very equitable.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

So probably the most expensive investment that was 100% worth it was two years before sale, we hired a fractional CFO company.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

To come in and completely, completely clean up our books.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

Which firm?

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

What's their URL?

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

So we used Preferred CFO.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

It's a local company here in Utah.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

They work nationally, though.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

And they made sure all of our accrual postings and just everything was dialed in exactly the way a buyer wants to see it.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

And listen to this.

SaaS Interviews with CEOs, Startups, Founders
How he sold his $2.3m SaaS with approx $500k EBITDA for $6m+ Cash

When we sold the company that bought us, when they handed our finances to the outside accounting firm to do the due diligence, they literally said, we have a Christmas gift for you.