Cem Atik
👤 SpeakerAppearances Over Time
Podcast Appearances
I just talked with businesses which doing 100 million, even 150 million.
And I say like, hey, we have really good numbers.
We have a huge profit margin.
And they say like, hey, we have an EBITDA about 55%.
I was like, no, you don't have it.
And they said, yeah, we have.
And I said, if you have that, the first thing that I do is get all my money, all my influence that I can get, my investors, and give you 100, 200 million to bring this to work even better.
And they're like, okay, let us see.
So what we did is just creating a P&L with them together.
And we see that it's not just with this 55% EBITDA.
Because what I see is these guys was doing 60 million.
And they had 40 employees.
That is not working.
40 employees, 60 million, 55% EBITDA.
No way.
And we are talking about developers.
Yeah.
We are not talking about like, like, like someone who's working in a shop or something.
We're talking about developers.
They are insanely expensive.