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Joey Gilkey

πŸ‘€ 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

And if I can get my hands on it, I can throw money at R&D and optimize it.

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

Plus, I knew where a lot of the bodies lived when it comes to where does unique telco data live and fraud detection data and all that kind of stuff.

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

So what did you spend on the IP?

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

Was it millions of dollars or?

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

One million on the dot.

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

Cash?

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

200 grand up front, 800 grand seller note.

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

So I turned $200,000 into what is currently valued at 100 million, you know.

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

Uh, it bought me a ton of time for one, for two, uh, a lot of my competition, again, the goal is to, to both build the moat and pull the drawbridge up from competition.

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

So a lot of folks in my space were starting to, to look at it, see it used a little bit.

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

And there were some big behemoth competitors like memory blue, abstract marketing and things of that nature on the like outsource sales development world that were starting to get their hands on it.

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

And I was like, if I'm going to protect this and have a unique value prop, I got to own it.

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

And I'm going to dictate who can use it.

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

It is both.

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

And it's been built upon dramatically at this point.

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

When I bought it, it was a tech-enabled service.

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

So there's a lot of technology enabling humans in the loop to power it.

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

And so for us, it was more about how do we make this scalable without having a deprecation of the quality of the outcome?

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

So if anything, it's actually gotten faster.

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

It's gotten cheaper.