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Tyler Tringas

๐Ÿ‘ค Speaker
978 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

But yeah, so it was something that I was in this kind of classic position of, okay, do I try to really keep investing to grow this?

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Do I just let this kind of hang out and pay me a salary while I do other stuff?

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Um, or do I sell it?

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

And, and so that was on my mind quite a bit.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

When I met Kevin, we had a beer and, and, you know, he was saying, look, this is what I do.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I buy these kinds of businesses, you know, I love to talk.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Um, and so kind of had the conversation with, with Kevin felt like it was getting real.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

And to your point about a bidding war, I, you know, I don't think I necessarily, um,

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

wanted to create a bidding war per se but i do often tell folks in any kind of like high stakes negotiation like that and this is not something i invented like the what is it the um next best alternative or whatever yeah

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Yeah, like it's all basically investing as heavily as you can into your plan B is the best way to get the absolute best outcome out of your plan A. And so I was like, okay, well, if I'm going to do this, I'm going to do this.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

So I basically blasted the whole crew, all 70 or so people who'd made any kind of vaguely serious offer and said, hey,

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I'm vaguely serious about doing this.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

So you know, if you if you want to chat, let's chat and basically had a proper like funnel trying to get as many people as possible to the to the same stage at the same time, right?

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Because you don't really get any value if someone is really interested, but they're still at the diligence learning about it stage and someone else has already made you a firm offer.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

So you have to stall them for three months while this other person gets

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

there.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

So you wanted to like, so I just, I took a process and basically tighten that for me.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Oh man, I have no idea.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Um, I guess I ultimately, I got probably a dozen serious conversations, um, that I felt like, you know, I mean, one of the good things was because I'd been so transparent throughout the whole process, the diligence process is actually quite easy.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

It was just like, Hey, look, I mean, you know,