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Noah Abelson Gertler

๐Ÿ‘ค Speaker
226 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And we as directors or we as shareholders of Monto Mineral will now get shareholding in this new company that we bring in.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So ShareRoot was introduced to them.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Once we had started down the path of looking into going public, it's very confusing.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Two catches.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

One, there's a lot of admin, a little bit less when you do a reverse merger, but there's still a lot of admin.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So tune of about five to six months worth.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And then roadshows did two of them and lead up to going public and have since done another like eight or nine.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Yeah, so being a public entity is the reason why.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So since going public on the Australian Stock Exchange, we have raised numerous times.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And we've done it in an environment where, again, if we were in bed with a VC, we wouldn't have been able to raise.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And the VC would have taken priority shares on top of priority shares, right?

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Like as VCs invest,

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

They get the next, they get the top priority of share class.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And as you go down that ladder of priority with VCs, you find that the founders are the second to the bottom and the team members are at the bottom.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And that's ridiculous to me.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Yeah, so a little bit confusing.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

We made an acquisition about three months ago.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So our revenue jumped up.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So we, in the previous quarter, we closed about,