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Andy Jenak

๐Ÿ‘ค Speaker
188 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

And then after that, we brought me on and that we expanded it from there.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

But we haven't brought too much capital in, which is interesting.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

We have a bunch of individual investors.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

Most of them are our customers.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

Most of them are CEOs of our companies who just love our product and want a piece of the action.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

They've all invested, but the total investment of the company is less than $5 million.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

We've just done really, really well on our own steam.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

Yeah, we do a convertible note.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

There's a lot of ways to do it.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

And I think for your listeners, if they're interested in investing, there's a lot of CEOs out there who are going to put pre-money, they're going to put a big price tag on their company saying, this is a $40 million idea.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

So you invest on a convertible note and it's a $40 million valuation.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

I think that there's a lot of people who value the company too high.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

We didn't do that.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

We took a very fair handed amount of valuation with the company.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

We've slowly grown that amount, the cap of the note, the discount to a note over time as we've shown that we've been able to grow the company.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

So it was very fair, very even handed.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

And as we've grown, we've got a really great syndicate of guys who are part of the team.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

You know what?

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

We're actually right now raising our very first institutional round.

SaaS Interviews with CEOs, Startups, Founders
Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now

All right.