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
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

So how much did you sell the company for?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

Was it all cash?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

And we'll loop back to all that.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

I did pick that up in your research.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

That was the main driver of you doing the deal in the first place was your son.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

So we'll pick back up to that.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

Before we go back and get sort of the full story.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

So $82 million, all cash was the exit price.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

And what was revenue at that point in time?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

Monthly recurring revenue in time is 12, the ARR.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

To be clear, you and your wife owned 100% equity at sale.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

This is against conventional wisdom.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

Most folks listening say, wait, Nathan, I thought you're supposed to create an employee stock option pool.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

And that's the way you get really good talent is you give them equity.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

You did the opposite.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

Why?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

And how many folks were full time when you exited?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

So you're at 10, 11, 12 million of revenue, 50 people, $240,000 of revenue per employee.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

No employees own stock when you exited, but you made many of the millionaires.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped to $82M: How Callum Mckeefery Built Reviews.io from His Kitchen Table

You just told me when you did exit based off sort of your choosing, how many did you make millionaires?