Ramtin Naimi
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I think we can continue that pace.
Say a couple adjectives each about your parents.
How would you describe them?
My mom is really tough, but also the most loving mom in the world.
And my dad is totally soft, really soft-hearted guy, but very strict about having direction in life.
My dad's number one thing was like, as long as you're working hard and you're good at something and you know how to create something out of it, you'll be successful at it.
My brother, he started a company as well, a vertical SaaS company that sells into the automotive industry.
which when we moved to the Bay Area is the industry my dad got into.
He ended up working at car dealerships and then working his way up until eventually became a partner of a franchise group that primarily deals in luxury exotic cars.
And my brother worked with him for a little bit and learned a little bit about that industry.
And he bootstrapped a vertical SaaS business and that he just recently sold for a little less than 30 million bucks.
But the cool thing about it was he went to YC and raised less than $600,000 to the company.
And
And it just ran it with him and his co-founder and no employees.
And they got it to just shy of 6 million of ARR, but highly, highly profitable.
Besides two employees and some hosting fees and some data licenses, there was no expenses to the business whatsoever.
But there are certain founders like him and other people in our portfolio that I point to.
how much you could actually do with just $600,000 or a million dollars.
But the reason I pointed to him is we were raised the exact same way.
We think about things differently, but for two immigrant parents, having kids that have both built things, my brother sold the company for 30 million bucks.