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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

Yeah, no.

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

So it was a great financial exit.

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

And it's really interesting to me how my perspective about business

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

has changed dramatically from when I was scrapping it with my own company to started off at Capato as a board member and advisor and investor, and then was asked to join the company by the founders and the investors.

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

So it's a very different journey than last time in my perspective and my approach.

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

It's just a lot of learnings from

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

from that last experience.

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

So that business was growing at 30%.

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

Um, and you know, it was a multiple that was over three.

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

It wasn't a great multiple, but because the ownership was 70%, um,

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

myself, my dad and my sister, uh, it was, uh, it was a good exit.

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

I think when we sold it, we were doing more like 25.

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

So two weeks.

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

So the deal I cut with art was that within two weeks I could leave and never look back.

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

And so I stuck around at my desk and I would go for these cocktail luncheons at noon and no one would call me and I'd sit at my desk.

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

And one day one of my friends called me and said, there are these two guys from Spain in town.

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

They're doing DevOps for Salesforce.

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

Do you want to come have dinner with us?