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Eric Siu

๐Ÿ‘ค Speaker
138 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

So it wasn't coming out of my pocket.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

the $2 was for, you know, two silent partners that own, you know, 10% each of the company.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

And they said, Hey, Eric, you know, we'll just give you our shares for a dollar each.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Because, you know, again, the business coming into it, it was a struggling business and they just didn't see the light anymore.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Yeah, the company at the time was doing, let's see, about 140K in MRR.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

But here's the thing, right?

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

We were actually, that year we were negative.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

So on the, you know, let's look at the- Negative on what?

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Cash flow on net income?

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Negative, yeah.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Negative on net profit.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

We're negative 27K on one point, about 1.5 million.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

These were actually two guys that I look up to and their friends and mentors of mine.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

And then they actually they have a lot of you know, they have a lot of their own side businesses, too.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

And I just said, hey, you know, once I make this thing, once I once I write the ship, you know, you know, it's going to come back to just trust in me right now.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

And then, you know, they bought into it.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

No, I definitely appreciate that.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

See, now we're getting to the good stuff.

SaaS Interviews with CEOs, Startups, Founders
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain

Thank you.