Neil Breaux
๐ค SpeakerAppearances Over Time
Podcast Appearances
We were getting very close to going public at the tail end of last year, December.
And fortunately, we've got great investors.
We're owned, as I said, by Silver Lake, who owns about 80% or
a large percentage of the company, as well as GE and then Salesforce Ventures.
And we had created a process to go public.
Thank God we didn't go public because of what we're watching in the marketplace.
And as a private company, we're able to still stay focused on customers and our employees versus all the mayhem that's going on with public companies.
But I think the last disclosure we made was we were approaching $150 million plus of ARR.
So
When was that?
As well as getting operating profit and free cash flow positive as well.
It's a big point of differentiation that we've done over the last three and a half years as a standalone company coming out of GE.
I think November of last year.
Last exposure.
Our Q1 run rate, we're a private company, but I'd target it as 30% plus on organic growth that we've been getting out of the business.
We've been doing a 20% to 35% is the vicinity where, at scale, it starts to make sense, plus then view around profitability and free cash flow, which we've been really focusing on as well, in addition to the growth, Nathan.
This is the best part of the conversation, in my opinion.
So the company was formed 15 years ago by much smarter people than me.
Founders Athani and Hari built the company, actually, and was one of the hottest startups, which ultimately got sold to GE, I think in 2016, Nathan, for close to a billion dollars.
So did a phenomenal job with answering your question, which is what we still do.