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Carson Conant

๐Ÿ‘ค Speaker
185 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So the combination of CIBC and then other folks, I think we can get to about one times ARR if we wanted to.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

I don't know if we get the full credit from the acquisition until a couple quarters, so there's probably a discount there.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

And I think the model we've been looking at is kind of a one-third, one-third, one-third, where it's maybe a one-third in cash up front, one-third in stock, and then one-third in kind of earn-out notes.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

Yes, yes, definitely.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So we're now, we just, we added 22, kept everybody.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So I think we're 120 now, I want to say.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

We raised, I think we raised, well, kind of the beginning of our Series C here.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So we raised some additional convertible stuff that'll convert in.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So I want to say it's probably about

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

It's a good question what it is.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

I'm not going to mention it.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

But we did start raising, essentially, convertible notes that will lead into our Series C that will come out.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

Originally, we were going to do that right about now.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

But this acquisition, we decided to give ourselves kind of two quarters after this acquisition to let it bake and kind of impact our valuation.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

And so we think we'll close our Series C somewhere end of this calendar year, first couple months of the next calendar year.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

Yeah.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So we were, it's anywhere between call it 30 and 50 million, depending on how much, um, how much, um, kind of refinancing we do and that kind of stuff.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

Um, so it's, and also depending on how much inorganic we want to do.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

So, you know, there's kind of two, two groups of companies that are interested in us.

SaaS Interviews with CEOs, Startups, Founders
MediaFly To Acquire More, $20m in ARR, Burning $600k/mo, $28m Raised

Some that are saying, look, you know, let's, let's run to profitability.