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Francisco Larrain

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

I knew that I kind of like put money before those guys really wanted to chip in and that helped me.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

And quite frankly, Joe really believes in this smart enterprise idea and like, you know,

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

The conversation with him was a 10-minute conversation until he started negotiating numbers with us.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

So I can't disclose the number, but it was a big number.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

It was a very sizable number, at least for me.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

It gives me the ability to kind of be independent financially and kind of start more companies.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

More than a hundred million?

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

I can tell you the number.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

Mid-level digits in terms of something between 10 and 100.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

Perfect.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

We returned it four to five times the money for investors.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

In about a year, right?

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

In about nine months, actually.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

That's great.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

That's a good idea.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

The technology we built was quite disruptive because we were able to track credit cards.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

So if you buy a Groupon,

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

and then you go to the merchant we were able to see on the merchant if you were a return customer or not so we essentially had deals with acquiring banks with the first datas of this world and guys like that who will give us access to the credit card transactions and we were able to match them in a way that we didn't violate personally identifiable information by using just pieces of the credit card data and building a collision algorithm that you know was able to identify users on that merchant

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

So effectively moving online to offline, proving ROI on online to offline advertisement.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

Yeah, but we've got the company, given how disruptive it is, we've got, which has been amazing for us, we've got a lot of inbound requests from VCs trying to, so we have some VCs trying to now say, hey, you should take money from us.