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P.V. Kannan

๐Ÿ‘ค Speaker
132 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We've built the company for the long run.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So it's not about, you know, get it to some stage and get out.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

I mean, you know, as a profitable company, you know, when I meet any private equity investor, they're very interested, like you said, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

Because it's kind of a sweet spot, size, scale, profitability.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So, you know, a lot of the problem solving has already been done, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

The question is, how much value can you extract all on your own versus teaming up with private equity, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So we believe, you know,

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

we can extract a lot of value and then continue to serve our customers better by just being standalone.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

You know, we'll do it if there is a good reason, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

A good reason could be, you know, let's say we want to acquire someone in the space that's interesting and it's going to cost a lot of money.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

Let's say it's going to cost 300, 400 million, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So then it's a great thing to partner up with someone like Vista or, you know, the other private equity players, allow them to be part of the investment family and then grow the company together.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

You never know.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

Bottom line, steady state, we'll get to 20%.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We're not there yet.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We're at about 10%.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We're looking for a great year of growth this year.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

When we talk, you know, sometime this month, next year, you'll know the full story.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

My favorite business book is actually, what's the Tom Peters book that came out in the 90s?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

I like that book.