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Miles Beckett

๐Ÿ‘ค Speaker
179 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

That's great.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

Knock on wood, every company so far has been a net positive for investors and some better multiples than other and everybody's done well on the team.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

Yeah, so Equal, which we sold to Everyday Health, was quite a bit bigger in revenue than Silver Sheet, which we sold to Ammon Healthcare.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

But the Silver Sheet was a much bigger exit.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

Interesting.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

A combination of that Equal was a media business.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

And so we sold for a smaller multiple on revenue than Silver Sheet, which was a SaaS business.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

And also the market at the time in 2019, it wasn't 2021 craziness levels, but multiples were still pretty crazy for SaaS businesses.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

We're about mid-20s, but we were, we got down to about eight.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

I think we were eight when we did the last.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

And, you know, it's always tough.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

I mean, I, we had to do, I did more layoffs at equal.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

That was, and we did, we didn't, we didn't really do a layoff at Silver Sheep, but we did, we kind of outsourced the team at Silver Sheep, but it's always really hard.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

You know, I would say we have a couple of people from the OG team that actually came back.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

One of our salespeople came back.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

One of our customer success people came back.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

So that was kind of gratifying.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

Yeah, we're not quite there, but we're pretty close.

SaaS Interviews with CEOs, Startups, Founders
How Flossy Reached $4M ARR With AI Dental Receptionists

Yeah, and again, we're growing like, you know, we're growing like 60, 70% month over month since launch.