Kyle Lovett
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we're getting ready to do a seed round probably later this year.
So we're going to get a little bit more aggressive about our growth.
Uh, we've raised, uh, about 750 K to date.
Um, and so, you know, we had, we had a, in, in buying the product back, part of it was cash.
Part of it was, you know, payback over time.
Well, total deal price, I'm not at liberty to share.
But what I can say is that, you know, we had a plan that was a chunk of cash up front.
And then we had about a, I think it was about a two or three year term on monthly payments back to keep.
I think it was about 70, 30.
70 cash up front, 30 over time.
No, no, no.
The other way around.
Well, the total cash up front.
They bought it for us for cheaper.
And then obviously the product was a cash cow.
It still is a cash cow, but it was especially a cash cow back in the day when we sold it to them.
And so, you know,
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.
Well, it wasn't doing, it was, it got up to a million and a half in annual recurring revenue for,
While Keep had it.