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Mike Lapchick

๐Ÿ‘ค Speaker
242 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

That's right.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

That's pretty much it.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So just to add to that, some nuances we, um, uh, the, the first five years of the four years of the company really were in, in creating this network.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So, so my approach was to create a sticky network.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Um, so on the wall of the company, it says never a barrier to join, never a reason to leave.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

And, and so we, we, we, we,

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

We wanted to build this network, this dependency between the retailers, the manufacturers on the network, and then figure out how to monetize it later.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Not when I say figure it out, I mean prove out ways to monetize.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

We knew what we wanted to do, but once you have that network, you can throw all kinds of revenue options at it, right?

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Some will work and some won't.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

But but you've you've unless you're an idiot, you've got a you've got a guaranteed cash machine there.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So so spending the first four years and doing that.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Yes, smart.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

I still I would do it again today.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

The only difference that I would make is that I wouldn't do it in Chicago.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

I wouldn't fund it in Chicago.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

It's the most conservative bed of investors in the country.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

These guys are bankers.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

You know, you go in with their looking at EBITDA, not top line growth.