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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?!

Um, I will say that we are a debt-free organization.

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

We've always been profitable and we've always been great with our cash.

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

I can tell you that as entrepreneurs, we are not the types of people... I run the company with my co-founder who happens to be my husband.

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

And our ethos from day one has always been to be great with our cash and to put profits back into the business.

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

We are not the type of entrepreneurs that have ever...

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

taken significant amounts of money off the table for ourselves, always reinvested back in, and we've just been really smart with our cash.

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

You had to get 5 million for 19 years.

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

You probably started.

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

Why, why would you assume that we spent all of the money that we took in?

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

Yeah, but burning for me can mean losing, you know, $100,000 in a year.

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

It doesn't mean losing $6 million in a year.

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

It can mean losing $10,000 in a year.

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

There were a number of years that we had significant, uh,

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

expense savings after we went through what we went through and having to transition the business.

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

And that allowed us to just be smart with the cash and continue to reinvest it back either into the business or to save it up.

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

Yeah, we cut significant, everything got cut in order to make sure that the business was in a safe place and get us back to the point where we were putting significant amounts of cash back onto the balance sheet.

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

But we were never, ever, ever, we never ran the business

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

in a place where we were burning significant amount of cash.

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

So just because I say burn, burn in my world is anything that is less than zero.

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

It is not 10,000 a month.