Chris Savage | BoS USA 2022
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Company Life After Investors
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Chris Savage | BoS USA 2022
- 1. SUBTITLE, NAME, ETC Company Life After Investors 🕴
- 2. SUBTITLE, NAME, ETC In 2017, we raised $17.3M in debt to do a leveraged buyout of our own company
- 3. SUBTITLE, NAME, ETC How did we get here? 🪚 And what happened next? 🔮
- 4. SUBTITLE, NAME, ETC How did we get here? 🪚
- 5. SUBTITLE, NAME, ETC Started bootstrapped Started in 2006
- 6. SUBTITLE, NAME, ETC 2010 Raised $1.4M in Angel Money
- 7. SUBTITLE, NAME, ETC Our goal was to become profitable
- 11. SUBTITLE, NAME, ETC We hit $10M in Revenue with $3M in EBTIDA
- 12. SUBTITLE, NAME, ETC We started running at a loss 💸
- 13. SUBTITLE, NAME, ETC Looked pretty good from the outside
- 14. SUBTITLE, NAME, ETC Looked pretty rough on the inside
- 15. SUBTITLE, NAME, ETC “We talk a lot about short- term revenue now. Watching revenue and reacting to it is good. Basing all our work around its near-term movement is bad.” - VP of Engineering
- 16. SUBTITLE, NAME, ETC Running negative ⛈
- 17. SUBTITLE, NAME, ETC Missing a forecast ⛈ - 150K - 75K 0K 75K 150K 225K 300K January February March April $