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Andrew Yates

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

So, you know, we've got banks like Barclays, HSBC.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

I mean, HSBC have just signed another three-year deal.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

That'll be seven years of continual service.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

And that, you know, bear in mind our age, we can't obviously track beyond the timeline that is how long we've been in business.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

So we've seen a really, really healthy customer, you know, lifetime.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

And then from that, depending on the size of the customer in the segment, we can calculate the value.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

I think I need to hire you in my finance team.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

Your brain works much faster than the people around me.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

Yeah, I mean, I think just to finish up, Nathan, you know, lots of enterprise class software doesn't get wisely used and adopted.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

And if you ask any sales leader or marketing leader, to be honest, about their team performance, I think the 80-20 rule is alive and kicking.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

80% of the value comes from 20% of the people.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

So the 80% that are average are the biggest opportunity that we have to make that dent in the universe that we talked about right at the beginning.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

And we get right into that as a company.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

I'd be interested in talking to them about creating shareholder value.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

I mean, at the end of the day, 50% of our equity is owned by an institution that's invested with an expectation they're going to see a return.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

Two co-founders.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

Three of us have got about 50% of the business.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

Yeah, that's right.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

It's a three-legged stool analogy.

SaaS Interviews with CEOs, Startups, Founders
675: Would you acquire Mattermark? Artesian $700k MRR, $40M Raised w/ CEO Andrew Yates

So, you know, a mad scientist who can build it, a great guy who can make customers successful, and someone who can sell things.