Dan McGraw
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then at a certain point when we spin UTM completely off of the company, we might raise some debt for that one as well.
Yeah.
So typically the debt starts with a personal loan from myself.
So I'm obviously able to take out debt across myself.
I then will apply that loan back to the company.
So the company will then borrow the money from me.
So this way I'm able to control all of the levers and as well as make sure that it all makes sense for both people involved.
But it is at an arm's length.
So as you can understand, it's not me just putting money in, putting money out.
It's literally a contract between me and FN Amazing.
And FN Amazing, of course, pays that debt back to me.
And if I want to take out more debt or use my own personal savings, I'll make that decision at the time.
A year ago, I would probably say a year ago, probably like 500, something in that range.
We've had on average, I mean, we've been growing between 15% and 20% month over month.
And that is not taking into consideration our enterprise annual deals.
It's only looking at our MRR that's coming from ChartMobile.
I think a problem that we have is obviously I'm distracted by the bigger business.
So what we need to do is add more rigor around the financial metrics and the way that we look at all that stuff.
Right now, I'm reading Good Strategy, Bad Strategy, and it's really, really helping me figure out a lot of different things.
I would say no.