Chris Savage
speaker
668 appearances
3 recordings
2 series
first heard Nov 2017
last heard Dec 2024
Chris Savage’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, I think the revenue range was around like.
About, like, right at the time of the offer, I think we were about, like, an $18 million run rate or so.
And I don't remember the exact customer number offhand at the time.
You know, what's funny is that we actually had three companies approach us at the same time that all said, we want to acquire you.
And I...
I was quite surprised because people have pinged us over the years and poked around, but never have we had three companies at once.
And the fact that those three companies came at once, we're like, oh, maybe something's changing in the market.
And so we should take these offers more seriously.
And then it just kind of evolved.
You don't really expect to be spending your time doing that, and then suddenly you're spending all your time talking to people about it.
It became very time intensive because, you know, there was like, we were, we really were not sure what we wanted to do with the business actually.
So it was like, we had the acquisition offers coming in.
We also had thought maybe we would raise a growth round.
So we were talking to growth firms.
I mean, when I was being sold, what they were trying to convince me to do is to raise, you know, 40 million bucks, something like that.
Um,
And so we were spending a lot of time like looking at our data and looking at the unit economics and like how things were changing and evolving, um, and thinking through what we would do in each of the different scenarios.
Um, it was returning, it was turning into a term sheet almost exactly the same time that, um,
we were getting like the real offers.
We were just, we had gotten the numbers and like we were getting, I think we had gotten to one of them, like the LOI to sign.
Showing 181–200 of 668 · page 10 of 34
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