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Matt Prados

๐Ÿ‘ค Speaker
294 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Like, give me my money.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

I want some money now.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

So I take chips off the table every single month.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Right.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

I take distributions while growing the business at a very rapid pace, et cetera.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

But, you know, so it's it's all personal choice.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

We didn't quite get the full 150 ask, but the rest of the terms, yes.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

$2 million, $20 million.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

I mean, it depends how much you want to take off the table.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

So what we found is because we were only willing to do like a 20% deal,

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

They weren't getting as much skin in the game.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

They didn't really like they don't love the secondary amount, even though they all say on their website they love giving you liquidity.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

They don't.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

They want you to be, you know, tied to the game and, you know, not go off and be distracted.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

So it depends.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

And you probably get more favorable secondary if you do more than 20 percent.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

That was probably one of the hardest parts of our ask is where, you know, they had a lot of problem with that.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Pay a lot of fucking taxes.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Uh, I actually didn't even look at the company by background.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

You know, I just, again, I don't play in the, in the venture world.