Vivek Bhaskaran
๐ค SpeakerAppearances Over Time
Podcast Appearances
No.
Uh, we are in talks with a couple of private equity firms to help us kind of scale up, um, from 20 million to a hundred million.
Um, what we think we need is kind of, you know, other, other acquisitions or revenue acquisition.
So most of the acquisitions we've done,
So for our kind of product, like we talked about earlier, our product and people acquisitions, but not necessarily, you know, growing revenue effectively.
So, but that's kind of the next phase of our business.
It's a primary secondary deal.
So obviously, we've been running the company for quite a while.
That's why we're not going to venture firms.
Venture firms want, you know, there's a lot of people who want to put money into this, but they want, you know, 100% of the money to go into the company.
At this point, given kind of where we are, we want to take out, you know, half the cash out half our chips and then put a bunch of money into the company.
So, I mean, $30 to $50 million is probably what will make sense for us because, you know, we have a couple of, you know, $5 million in the bank, frankly, at this point to do deals of our own.
But we want somebody with, like, a little bigger kind of checkbook that can help us, you know, frankly, acquire revenue at a much larger scale.
Yeah, exactly.
And cash out all the early employees, at least half of their stock is cashed out.
And then we kind of put a plan together to go out and buy a couple other companies and kind of grow, you know, blow up the business.
I think they'll want, I think at that rate, they're very likely most of most folks want to have some control premium.
So they'll, they'll want us to control at least 50, 60% of the company.
Okay.
Yeah, maybe you could argue it's undervalued, but that's what I've talked to a few folks, and a few folks are willing to do that kind of a deal right now.