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Jessica Rovello

๐Ÿ‘ค Speaker
198 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

It seemed like it was the right thing to do to say, listen, we understand that you invested in us in order to get a return.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

And that return may take significantly longer than your fund is prepared for.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

And so rather than feel like you have to hold on to something that who knows when there will be a liquidity event, and rather than us feel like we have to make decisions

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

um, for the business based on our investors outcomes, as opposed to our employees outcomes or our company's outcomes.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

Um, and luckily, you know, we had, we had the, the ability to do it.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

Um, it just seemed like the right thing to do.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

Yeah.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

Well, I mean, I can't tell you specifically what the dollar amount was or how it was financed necessarily.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

I'll just say that the company is profitable and has been profitable and is healthy.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

And we were just in a position where we could make them an offer that was palatable that gave them a return on their investment.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

it was more than they put in.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

Yes, they put in $5 million.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

You know, I didn't, I don't, that never was on the table for us.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

That was not something that was discussed.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

And I'm sure everybody comes to a negotiation like that from a different place in terms of where their fund is or what they're willing to accept or what they're not.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

Just for us as entrepreneurs,

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

as business people who value in all of our relationships, our integrity and doing what we said we were going to do, we felt like they trusted us with their capital and, and it allowed us to continue to grow the business for a number of years.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

And just because our paths were divergent, didn't mean that we didn't want to try and do the best that we could.

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

That wasn't going to harm the business in terms of, you know,

SaaS Interviews with CEOs, Startups, Founders
She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!

what they came into the deal for, which was to get a return.