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Kurt Averall

๐Ÿ‘ค Speaker
349 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

So we were super excited about that to have him lead that financing.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

And we closed that in February.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

The Series A was 15 and the seed was 2.4.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

So we have raised roughly, well, on the debt side, there's several different sources of debt that we use to make this happen.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

And it's probably in the 20 to $30 million right now on the debt side and the combination of everything collectively.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

So it's really just designed to be acquisition debts.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

We'll acquire the property in the first instance, and then the property will move hands to the new owners.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

If that owner decides to finance a portion of their purchase of the share, then there will be some debt that remains on the property.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

But in a lot of our homes, it's been cash buyers.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

So that debt is financed out entirely.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

And then the owners own the home outright kind of indefinitely.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

So it depends on the geography in St.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

George, Utah, which, again, is if you've ever seen the red rock, you know, of southern Utah, that's where that's where St.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

George is.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

So it's a beautiful, beautiful area.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

It's actually a very big vacation destination.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

You know, your homes are typically between two and three and a half million dollars in Newport Beach.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

That that ranges from four and a half to eight million dollars.

SaaS Interviews with CEOs, Startups, Founders
Rockstar Guitarist Launches SaaS, Breaks $3.6m in revenue, $30m valuation

You know, so we have two homes that are actually on the low end, you know, with four million.