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Joe Apfelbaum

๐Ÿ‘ค Speaker
336 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

They, they, they invest in dozens and dozens of companies.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

They've sent us some really great leads and they're a really great partner to look at our numbers and help us figure out what we want to do strategically.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So for us, it was, it was a strategic, we didn't really need the money, but the money gave us the evaluation that may just made sense for us.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

We had a $2 million top line and we had zero profit and they were willing to give us a million dollars with a great evaluation.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So we're like, okay.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

And we still own majority of the company.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So it just makes sense.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

Well, that would, that would basically tell you what they, what they, what you would call it.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

I know that's, that's why I asked.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So I'm not, I'm not willing to share that, but it was a very, very good evaluation.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

Because I'm, because there, there's some negotiations that I'm in the middle of doing that I can't talk about.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So, okay.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

That's, that's the reason.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So are you raising another round of capital?

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

I'm not raising another round of capital, but I'm trying to change the structure of what we're doing.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

That's why.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

Makes sense.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

Well, they're getting a return and they've been getting a return.

SaaS Interviews with CEOs, Startups, Founders
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion

So it's, it's a profit sharing.