Nathan Latka
๐ค SpeakerAppearances Over Time
Podcast Appearances
Smallest deal they've done, but again, you had the tech, plus they wanted you.
You know, they did enough upfront cash to effectively make the 600K you'd already raised whole, but then incentivize you to stick around long-term to grow this thing, which you have.
It's grown from half a million to nine million in revenue over the past five years.
Is all that about accurate?
And what were you thinking in 2019?
I mean, you had good momentum on the series, a 2.1 and committed checks.
You ultimately took a deal, which look, I don't know what it was, but you know, CSI rarely pays above one, two X on a deal.
Maybe obviously if you stay for 10 years, you can get the extra juice, but it wasn't a flashy multiple that you sold for.
So why exit?
Why not stay, stay yourself and, you know, keep building.
Yeah, Constellation, guys, is a publicly traded company.
So you can go look at their earnings calls to see the numbers.
But it's incredible.
I'm going off memory here, but I'm pretty sure they spit off a billion dollars of free cash flow last year.
So it again is a massive, massive holding company of thousands of software companies.
Jason, let's shift the focus here to the growth story post close because going from half a million of revenue to 9 million of revenue in five years is pretty darn impressive in a niche.
What have been the top like one or two growth channels for you?
Yeah, I mean, Jason, there's a lot of the really good products that are best in the market that nobody ever hears about.
So they never win like you're winning.
So you really have to have both.