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George Arison

๐Ÿ‘ค Speaker
482 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Look, we are we're in strong shape financially, which is good.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And we can weather sometime.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Right.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

I think in practice, there's going to be a bunker mentality out there for 60 to 90 days.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And so nothing's going to happen.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And I think we all need to bunker down and kind of get ready for that.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And then we'll, you know, plan for the funding period after that.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Now, I do think, look, in practice, valuations are going to come down, right?

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

So I think not being overvalued right now is a good thing.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

I think we're lucky because I don't think we're overvalued compared to a lot of companies kind of out there.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And then secondly... Wait, hold on.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Um, well, I mean, it's by industry, but like in general, startups have been valued very, very highly over the last, you know, five years, let's say.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And the market just lost 30%.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

For a software on the company?

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

I would say probably on.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Um, you know, that's not like Carvana generally.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Well, before all this started, Carvana was being valued at somewhere between two and a half and

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

three and a half X forward-looking revenue multiple, because obviously our revenue is not the same as SaaS revenue.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And so to me, that was pretty rich, right?