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Ted Elliott

๐Ÿ‘ค Speaker
534 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

I was like, fuck it.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

Let's go big or go home.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And so that's the fun part.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

Now, I don't know where it's all going to end up, but- Ted, let me get them, because I know you could keep telling stories.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

I can't tell you, but it's at least more than 10 times what the first one was.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

No, we haven't...

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

I was just, I get calls, multiple calls a week of people who will offer us a unicorn valuation today.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

So, I mean, the post was even more than that.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

Yeah.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

From the time I joined to the time we closed capital, it was really interesting because when I joined the company, the founder said, why don't we set up your equity reward based on you getting us to a value that exceeds 320 million euros in 18 months?

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And I was like, are you guys high?

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And then it was so fun when we closed around because they're like, you actually did it and you exceeded it.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And I said, well, hey, I think we're going to double revenue.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And what was funny is last year during COVID, sorry, there's someone who's, I'm in New Orleans and someone's blowing their weeds on the side.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

But we kept on talking to people.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And every time we got on the phone, we had like doubled the revenue again.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

So we were at 15, so a little less than... And after this first quarter, we're growing at 100% plus on new revenue.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

What's really interesting about this business is the number of customers.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

And this is really the sign that you're making customers successful.

SaaS Interviews with CEOs, Startups, Founders
DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders

We generated 50% of our new revenue in the fourth quarter of last year on customers who are coming back and buying more.