Kyle Lovett
๐ค SpeakerAppearances Over Time
Podcast Appearances
Oh, okay.
There was probably a five-year stretch of time where it was doing over a million in ARR under the Keep umbrella.
Then they put the product on the shelf and a bunch of the users started jumping ship.
And so it fizzled out over time before we ended up buying it back.
So that was where they made their biggest impact.
It was a good deal for them to have purchased the product just strictly from a revenue and cash flow standpoint.
Probably, yeah, probably 2015 would be my guess.
Well, I mean, a lot of that was just sweat equity because my brother's a software engineer.
I have a software design and product management background.
And so, you know, we did a majority of the work ourselves in rewriting software.
But, you know, it took us...
over a year so when you consider the going rate of software engineering software design product managers and such uh you know we we probably spent between 500 000 million dollars to to rebuild the platform so 43 grand today in revenue a month uh 550 customers which means the average pays about a thousand dollars per year um is the company how many people are on the team today
We just have four full-time, a couple of contractors, and we have a plan to hire about seven people over the next six months.
We're shooting for a $10 million valuation.
So we think with the right growth numbers and stuff, we can get there.
I think if we're around 50K in MRR with nice growth numbers, I think we'll be able to get that just based off of what we're seeing in the industry, which is obviously white hot right now.
Yeah.
Our churn is sub two and a half right now.
Monthly?
Yep.