Derek O'Carroll
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we'll keep a third for a rainy day in the bank just to make sure that if something really horrible happens, we would be able to survive.
So we're at that point now.
And yeah, we're in really good shape.
Yeah, so the criteria is pretty simple.
So technical only.
So companies that have really good product, but not necessarily the cost of anything else.
So engineering teams.
I'm looking for a break-even profile that can't be burning cash.
Preferably, I'd like pre-configured proof of working with my platform and adding value to the customers.
And then the last one is skills.
I'm looking for people who've got the skills in these acquisitions that I need to execute in the future.
So I've got that filter.
I've got about 12 candidates, and we're just going through them, looking for value.
and deploying that capital in a way that keeps my new investors happy.
Pre-money 105.
I did.
It was a distressed asset at the time and I put a little bit of money in.
But yeah, I did two things.
I got a chunk for myself and I made sure there was a chunk for the team, the future team.
So the first hundred employees are very well represented.