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Kevin Zicherman

๐Ÿ‘ค Speaker
261 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

We have about 300 resellers.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

We lost about 25% of our overall base.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

Naturally, because we're a month-to-month in a lot of our products, people can easily drop off and come back.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

The vast majority of everybody that's canceled has said, we love your platform.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

We're going to come back as soon as our clients can reopen their doors.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

Got it.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

We've got to grow faster.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

Minimum is 100% over the past several years.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

And things were great, as you know, and then all of a sudden, come March...

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

everything imploded and uh i can actually dive into that so things were rocking we were doing really well uh we're actually slated to be on track for 1.4 this year into january uh things were rocking you know new year's eve party party great you know let's look forward to the new decade and then march 16th you know literally it's on my right there you're good sorry about that kevin we'll edit that out keep going yeah cool i was waiting till he's uh

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

Yeah.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

So, you know, everything was great.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

New Year's Eve hit, you know, 2020, new decade, big high hopes and everything.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

And we were on track to do about 1.4.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

And then, you know, COVID, we started hearing some, you know, whispers about some pandemic happening.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

And we didn't think too much of it, to be honest, until March 16th.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

And I should have actually shared a chart here, but it was literally like, you know, you'd think of, you know, a bomb went off or something, God forbid, right?

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

Like it literally like all the traffic went down 86%.

SaaS Interviews with CEOs, Startups, Founders
MyWifiNetworks Turned Down $5.4m All Cash Offer Last Month, Despite Loosing 30% Due to COVID

just like that, and this is not just North America, this is global.

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