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Matt Britton

๐Ÿ‘ค Speaker
430 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

I essentially am rebuilding a completely new, you know, senior management team.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

And I haven't been so excited about business and I can't remember how long, um, because we actually have hit a product market fit and, you know, it feels like the old Mr. Youth days, except I think we have something that's a lot more scalable and sustainable because when we were

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

the agency world, a lot of times the clients still want to be, and we have an incredible team, but I was sort of like the charismatic leader.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

And I think it's a danger of an agency when you have a charismatic leaders, you can only be in so many places at once.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Now people want the product.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

And I think that we have an incredible team that's building an incredible product and it's really exciting time.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Well, we didn't spin off a new company.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

It's just two business units under the same operating unit.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

We have not spun it off yet.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Got it.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

But are you going to?

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

We have venture debt.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

So that sits on top of both companies.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

So you can't spin a business unit off until you pay the venture debt down, A. But yes, eventually, it will be two separate operating companies because an agency model is completely different.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

It's valued differently.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

It has different mechanics behind

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

we will be doing that.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

But that's, you know, just like with CrowdTap, it was kind of under the same operating company as Mr. Youth for a couple of years.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

That's what we're doing here.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Because for a couple of years, you want the same CEO, you want the same CFO, you want that same management infrastructure before it can kind of get its training wheels off and go off on