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Eric Berry

๐Ÿ‘ค Speaker
176 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

Every single time... I like that you're honest.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

Yeah, that we've had a round of financing, we've had an acquisition offer at the same exact time.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

And it's been very frustrating because it's made the decision even more acute about at this particular moment in time,

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

do we want to take whatever this multiple is on revenue and end?

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

Or do we believe that with this round of financing, we can continue and make a huge company?

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

And that's more than just the two rounds.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

So we did, we started in an accelerator.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

And so really, even at that time, there was an offer from a relatively small company.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

Slightly above $5 million, but on that order of magnitude.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

But still, if you're talking net income multiple, that's infinite.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

So that was a pretty good one.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

Then seed, A, etc.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

Each time, it's been a slightly higher multiple.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

No.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

That's the worst part.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

If we had done that, that would have been one thing.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

But we were...

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

In both of those, in every situation, we were simply trying to raise a VC round.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

And then we got an unsolicited offer to buy the company.

SaaS Interviews with CEOs, Startups, Founders
1061 We serve 2b impressions a day including MSN homepage

And that makes the conversations just so much more heart-wrenching in every direction.