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Joey Gilkey

๐Ÿ‘ค Speaker
195 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

What did you spend on the IP?

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

1,200,000 upfront, 800,000 seller note.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

What's revenue today at TitanX?

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

Today, we're sitting at the time of recording this, we're at 9.7 million ARR.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

What's your largest customer pay you per year today?

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

It was a $13 million acquisition.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

We put $7 million up front.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

We went growth equity.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

So we raised $27 million and then $10 million went in our pocket as secondary cash.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

Yeah, man, I've been in the enterprise sales world my whole career.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

So I started off in the fortune world.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

OK, so tell me about that.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

When did you acquire that piece of IP?

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

What year?

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

That was August of 2023, and I acquired it for a different reason than it turned into.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

So I seemed like a brilliant, more just like a brilliant idiot.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

Thought how I was going to use it was I was going to build it for my fractional business.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

It was going to be the moat around that services company.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

We started using it in like a licensing model at the fractional company.

SaaS Interviews with CEOs, Startups, Founders
How TitanX Hit $9.7M ARR After Buying IP for $200K

And then I realized pretty quickly that it was like dark magic that was heavily expensive and very slow.

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