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Scott Lynn

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So I'm 40 now.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So I'm unfortunately on the older end of most people in the industry.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

But, uh, yeah, so I, you know, I did that in high school and, um,

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

uh, you know, grew that company to a, to a pretty sizable company when it was 19, 20 years old.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Um, and then left that started a company called ad knowledge.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I mean, I think it was 140, 150 employees, you know, doing 80, 90 million in revenue margins.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Very profitable business.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I mean, we, I think we were one of the very few companies during the.com boom that was, you know, making, you know, close to a million dollars a month in EBITDA.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

You know, we went through the crash.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So that, that was a, uh, that was an interesting learning experience.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So we had a, we had a pretty big profitable business that, um, that for a whole bunch of reasons, mainly most of our advertisers were.com companies, uh, ultimately didn't ultimately didn't survive that, that cycle.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Um, but then, then from that really moved in online advertising, sort of a whole string of different online advertising companies, um, prior to, to masterwork sort of a company called payability, um,

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

which essentially finances e-commerce sellers.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I think it's an interesting business.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I think a lot of these companies in today's dynamics are struggling depending on who they've loaned money to.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I think payability is really unique because we've lent money to e-commerce sellers

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

which right now are counter-cyclical, right?

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So e-commerce is on fire, but traditional retail is really, really struggling.