Nathan Latka
π€ SpeakerAppearances Over Time
Podcast Appearances
2020.
Oh, it was in 2020.
Okay.
You said that you almost, I think I heard you right.
You said you almost went bankrupt in 2015, 2016.
Did you ever think about shutting the business down?
Okay, fair enough.
But so before that, you just raised the $600K seed yourself and the $2.1 or $2.2 million from other folks.
That's all you raised before the CSI acquisition.
Oh, I see.
Okay, tell me that story.
Because a lot of founders, when they're thinking about just their capital, like their story, their capital stack, they go, man, today, right now, I'm raising capital.
But what a lot of folks don't realize is, if you're going to do a data room and do all the work already, you might as well talk to buyers and equity investors and pit them against each other to get what you want as the founder.
Is that what happened here?
And if not, tell us what did happen with CSI?
Why'd you sell them?
Mm-hmm.
And, you know, most of the deals CSI does, you know, the knock on that, if there is a knock, is founders will say they close really fast, but they're not paying premium valuations, right?
So in around that time period, you mentioned around $9 million, $10 million revenue today.
Back in 2020, what were you at in terms of revenue?