Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Nathan Latka

๐Ÿ‘ค Speaker
223533 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

Smallest deal they've done, but again, you had the tech, plus they wanted you.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

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.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

It's grown from half a million to nine million in revenue over the past five years.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

Is all that about accurate?

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

And what were you thinking in 2019?

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

I mean, you had good momentum on the series, a 2.1 and committed checks.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

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.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

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.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

So why exit?

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

Why not stay, stay yourself and, you know, keep building.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

Yeah, Constellation, guys, is a publicly traded company.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

So you can go look at their earnings calls to see the numbers.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

But it's incredible.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

I'm going off memory here, but I'm pretty sure they spit off a billion dollars of free cash flow last year.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

So it again is a massive, massive holding company of thousands of software companies.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

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.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

What have been the top like one or two growth channels for you?

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

Yeah, I mean, Jason, there's a lot of the really good products that are best in the market that nobody ever hears about.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

So they never win like you're winning.

SaaS Interviews with CEOs, Startups, Founders
From $450K to $9M ARR in 5 Years: Club Caddie's Vertical SaaS Playbook

So you really have to have both.