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Shannon Gove

๐Ÿ‘ค Speaker
207 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

We'll really let the market decide, but anything off a

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

10 to 15 times multiple for recurring revenue would be a good mark.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And then we do have around a million of support, sort of non-recurring typically, but whether you want to classify support for these contracts as recurring, we'll find out.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

So 10 to 15 times SaaS recurring would be about the valuation.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

So you think you'll see it'll be above a $30 million valuation?

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

Yeah, I think that's the number that a few people have mentioned to us, but we'll go through the journey and find out.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

Talk to me about the art.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

I mean, this is game theory.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

How do you get soft conversations to give me your term sheet or shut up?

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

It's a great question.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And we learned a lot through our last investment raise where we had a lot of fantastic conversations.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

People really loved the concept.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And for us, what we are passionate about is connecting communities all around the world.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

We've got a great story to tell.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And so people are really attracted to that story.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And then the contracts come out and they display a different thing of the conversation.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

So we learned a lot through that process.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And I think for us, it's just about cutting to the chase and

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

And importantly, we want to work with the right people that will support us and help us grow.

SaaS Interviews with CEOs, Startups, Founders
Rosterfy Hits $3.2m ARR, Raising $4m on $30m Pre with 100 Customers

We're not naive to think we know it all.