Nathan Latka
👤 SpeakerAppearances Over Time
Podcast Appearances
You've had and received 2.3 million of wires.
You tend to get the rest of the 3 million here shortly and officially close the round in the next couple of months.
Correct.
Exactly right.
Okay.
What's the market like today?
I mean, do you go out and sell 10% of the company for 3 million bucks or how do you think about it?
Okay.
So it's a 15 million post-money valuation then?
Correct.
Does that feel fair to you?
Why would you use an M&A expert to come up with valuation when VC valuations are very different?
Mm-hmm.
That's a 15x multiple on your current revenues.
How do you make sure you grow into that valuation to prevent a down round in the future?
What's your gross churn?
That's annually?
On a gross basis?
Okay, so 10% gross annual churn.
And do you have a playbook in place to expand revenue to make up the 10% whole?