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Vivek Bhaskaran

๐Ÿ‘ค Speaker
212 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

No.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

Um, what we think we need is kind of, you know, other, other acquisitions or revenue acquisition.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So most of the acquisitions we've done,

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So for our kind of product, like we talked about earlier, our product and people acquisitions, but not necessarily, you know, growing revenue effectively.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So, but that's kind of the next phase of our business.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

It's a primary secondary deal.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So obviously, we've been running the company for quite a while.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

That's why we're not going to venture firms.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

And cash out all the early employees, at least half of their stock is cashed out.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

I think they'll want, I think at that rate, they're very likely most of most folks want to have some control premium.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So they'll, they'll want us to control at least 50, 60% of the company.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

Okay.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

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.