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Mitchell Reichgut

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

Well, the neat thing is that each of our app integrations, we give them the power to create the interaction the way that they think is best.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

So if you are a user of Top Us, you know that app and you know where to go to earn your free access.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

I see.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

You know, because unlike in a web kind of environment, app developers pay seven or eight dollars just for every single user that downloads that app.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

So they're precious.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

We never have a pop up.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

We never interrupt.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

And each publisher knows their audience best and they know how to talk to them and how to engage them.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

Yeah, it's a really sophisticated tech platform that works super well for the app developer because they're taking a big chance.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

Apps are a complex business.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

They have to take what's called an SDK, that's our technology, put it in their app, and then resubmit it to Google and to Apple for approval, and then have everybody update.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

And if we make a mistake, you can't just pull it back.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

So it's a really sophisticated piece of software that empowers them to get their users to engage when they're ready.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

We bootstrapped this thing all the way until 2015 when we finally did a, not a VC deal, but a private equity deal with a company called Halyard Capital.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

And that was the first, you know, after we were a big mature company, the first financial deal we ever did.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

You know, it was an interesting thing because we finally met a partner that we really wanted to be in business with.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

I mentioned private equity is a very different kind of a thing.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

We were highly profitable.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

We had a lot of money in the bank.

SaaS Interviews with CEOs, Startups, Founders
786: How This Ad Tech Company Used $1m+ In Mezzanine Debt to Grow Profitably

We were expanding well.