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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

go read the blog post metrics.

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

Yeah.

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

Read the blog post, go look at bare metrics to see my live MRR churn, ARPU, all that sort of stuff.

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

And tell me else what, what else you need to know, you know?

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

Um, so it wasn't super, um, challenging in terms of deciding, you know, what, who to sort of engage in diligence with.

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

Uh, I had, I had five people make a, a pretty serious, like what I felt like was a serious bid, uh, and three yellow eyes and, um, offered.

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

And then ultimately we went with a short swift.

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

Yeah, I hesitate to say because I feel like you would know this better than me.

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

I mean, you have a better data set than I do.

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

What do you think?

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

Yeah, I kind of ran my process.

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

And then one of the things I did very late in the stage of things, because you can run the process pretty far before you're actually signing any kind of legal documents that are binding in any sort of way.

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

So I basically had LOIs.

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

And then I went to brokers and basically just said, hey, you know,

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

Like, can you beat it?

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

Like, does it make sense for me to engage you in a way that's going to be on that, you know, better for me?

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

And they were like, you know, no, you should take one of those.

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

Yeah, I can't, I don't know.

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

I mean, my sense is, I think if you ask a bunch of people, they would say a number that's in the range of five times that is market.

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

When a bunch of deals are being done publicly, I feel like that number is going up and up over time.