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Nikos Moraitakis

๐Ÿ‘ค Speaker
291 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

But

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

because it's completely self-service and because there's a lot of organic and SEO involved, it may be costing you as little as, you know, 500 bucks to get the customer.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Yes, of course.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

If your LTV over CAC is more than three, ours is six and a half.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Exactly.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

So you can use your recycling your capital very, very quickly.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

And that's how you can grow very quickly in this business.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

We were 12 months ago, we're at 14.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

We have raised about, what is it, $39 million.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Uh, last time we raised just a small 5 million rounds a few months ago to extend our B round.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Big B round was, uh, in the summer of 2015, we raised 21 million.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

That or you're making quite a bit of money and you're close to profitability and you would rather raise when you're profitable.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Yes, sometime next year.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

All right, let's wrap up here with... But we might choose to put more money to growth, but if you don't need a lot of money very soon, sometimes it's an optimization.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

No.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

I've been through these conversations so that I know the answer is no.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Oh, you know what?

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

No, I've had to deal with this question obviously.

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

Uh,

SaaS Interviews with CEOs, Startups, Founders
1222 Workable CEO on Saying "No" to Acquisition Offers, $20m+ in ARR

You sell the company when you don't think that there's a ton of room to grow or if you don't like the business.