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Kyle Lovett

๐Ÿ‘ค Speaker
141 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

And we're getting ready to do a seed round probably later this year.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

So we're going to get a little bit more aggressive about our growth.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

Uh, we've raised, uh, about 750 K to date.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

Um, and so, you know, we had, we had a, in, in buying the product back, part of it was cash.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

Part of it was, you know, payback over time.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

Well, total deal price, I'm not at liberty to share.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

But what I can say is that, you know, we had a plan that was a chunk of cash up front.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

And then we had about a, I think it was about a two or three year term on monthly payments back to keep.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

I think it was about 70, 30.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

70 cash up front, 30 over time.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

No, no, no.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

The other way around.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

Well, the total cash up front.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

They bought it for us for cheaper.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

And then obviously the product was a cash cow.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

It still is a cash cow, but it was especially a cash cow back in the day when we sold it to them.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

And so, you know,

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

the majority of the money that they made wasn't in the increase between what they bought it for and what we bought it for, but in all of the recurring revenues that they were generating through the product.

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

Well, it wasn't doing, it was, it got up to a million and a half in annual recurring revenue for,

SaaS Interviews with CEOs, Startups, Founders
Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR

While Keep had it.