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Greg Silverman

๐Ÿ‘ค Speaker
133 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

So you can think of like our acquisition cost of,

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

maybe 6% to 8% of the first year value of the company.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

And you can see when you look at the industry indexes, people are investing 300%, 400% of their revenue stream to build that 100% growth.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

Really capital efficient because...

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

you know, we were actually using our own system to forecast our results.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

It's small.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

It's about 15 folks.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

Just put in a couple of marketing people, just put in a couple of salespeople less than a year and a half ago.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

Well, since you're coming up, I'm going to warm it up into the mid 40s all week.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

In the last three years, we've had 100% repeat rate for our software customers.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

So are you not charging enough?

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

We've been raising the price, but I think what's happened is a lot of those folks invested in us to prove the business case.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

We needed those early customers, so I think we're working our way up, but...

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

it hasn't been full value against what they received, obviously.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

But we do have proof with some really big name companies that you can see on the site.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

We've been, we've been cashflow positive, um, throughout, you know, we were profitable when we raised that we had a period where we.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

We invested that, but now we're back to right about break even on, on burn.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

You know, the, the,

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

Depends on the month, but that's always something we can dial up and down as we see fit.

SaaS Interviews with CEOs, Startups, Founders
1100 Why aren't more private equity firms paying him $12k/seat?

Gosh, not a lot.