Jared Santo

So five years to pay it off with no growth to me sounds like a pretty good deal. How do you value such a piece of software, a business? How do you value a business like that? How do you guys come to that price?

So you're open to current acquisitions. Like if somebody had a, has a rail SAS that they were thinking about selling, like you would, you'd hear them out, even though you're not actively looking right now.

So you're open to current acquisitions. Like if somebody had a, has a rail SAS that they were thinking about selling, like you would, you'd hear them out, even though you're not actively looking right now.

They wouldn't let you bet the farm. That's the problem.

They wouldn't let you bet the farm. That's the problem.

Yeah.

Yeah.

Mm hmm. So your strategy is buy and hold. You mentioned that box out has had multiple acquisition attempts, one that you were ready to receive or take. Have you considered buy and flip not to reuse flipper pun, but like you could fix this up for five years and 10 X your, your equity, you know, just make it worth way more and find a new home for it. Have you considered that as a strategy?

Mm hmm. So your strategy is buy and hold. You mentioned that box out has had multiple acquisition attempts, one that you were ready to receive or take. Have you considered buy and flip not to reuse flipper pun, but like you could fix this up for five years and 10 X your, your equity, you know, just make it worth way more and find a new home for it. Have you considered that as a strategy?

So what if we just created- Well, you just bought, so you definitely don't have to sell right now. Exactly. And we could probably, but yeah. You very much feel like you're in buy mode right now. Like you would love, you just bought and you're thinking about buying more. You're not thinking about selling anything. Yes.

So what if we just created- Well, you just bought, so you definitely don't have to sell right now. Exactly. And we could probably, but yeah. You very much feel like you're in buy mode right now. Like you would love, you just bought and you're thinking about buying more. You're not thinking about selling anything. Yes.

But maybe five years from now, you're thinking, because at a certain point, like Dan Benjamin, you know, we kind of get worn out or done. I'm not sure Dan's motivations, but he didn't want it anymore. He built it. He got a great business off the ground, very difficult thing to do. And eventually, He was looking for a new home for that.

But maybe five years from now, you're thinking, because at a certain point, like Dan Benjamin, you know, we kind of get worn out or done. I'm not sure Dan's motivations, but he didn't want it anymore. He built it. He got a great business off the ground, very difficult thing to do. And eventually, He was looking for a new home for that.

And a lot of us small business software people find ourselves in that situation of like, how do I exit this? Because, and what you're doing is you're collecting other people's exits. And then I wonder like, well, how do you then later exit that thing? Cause you're gonna have a bunch of holdings.

And a lot of us small business software people find ourselves in that situation of like, how do I exit this? Because, and what you're doing is you're collecting other people's exits. And then I wonder like, well, how do you then later exit that thing? Cause you're gonna have a bunch of holdings.

Yeah, it's like tiny. Yeah, I like tiny models as well.

Yeah, it's like tiny. Yeah, I like tiny models as well.

Well, we know he sold Castro because we've did a show with Castro, the fellow who bought Castro. Yeah. Castro was what he sold. So, okay. The model of buy makes sense, but aren't we talking about the eventual exit?

Well, we know he sold Castro because we've did a show with Castro, the fellow who bought Castro. Yeah. Castro was what he sold. So, okay. The model of buy makes sense, but aren't we talking about the eventual exit?

I don't know. You may not know this, Sean, but this is the second lily pad analogy that Adam has done in the last month.