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Ron Jones

๐Ÿ‘ค Speaker
158 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

Um, I don't know exactly how much he paid for it.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

I know it's some multiple of earnings, right?

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

But yeah, but that closed about Q4 2020.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

So it's shadow equity.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

You have someone on recently that had the same setup.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

It seems to be, you know, pretty common in like a private investor, private equity kind of situation, but it's shadow equity, 20%.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

Right.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

Liquidity event triggers it, and that's how shadow equity will work.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

19 full-time, about six product and engineering, and those are all brought on in 2021 to help build everything that we're about to release, right?

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

And then the rest of the seven content, so there's also researchers, analysts, writers, right?

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

So they focus on building the actual insights, producing that.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

The rest of us wear multiple hats across different growth functions.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

So customer success, marketing, support.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

And another important distinction is that there's no salespeople, right?

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

I mean, I would hate to venture into like the, hey, we were product led before it was cool kind of thing, but

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

it's grown organically from the start.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

So we've just now started experimenting with paid advertising.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

Jury's still out.

SaaS Interviews with CEOs, Startups, Founders
Mini PE firm grow new acquisition to $2m ARR for gov contracting SaaS

Just about $1,500, just to try, just to see what kind of things happen.