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Chris Savage | BoS USA 2022

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Chris Savage | BoS USA 2022

  1. 1. SUBTITLE, NAME, ETC Company Life After Investors 🕴
  2. 2. SUBTITLE, NAME, ETC In 2017, we raised $17.3M in debt to do a leveraged buyout of our own company
  3. 3. SUBTITLE, NAME, ETC How did we get here? 🪚 And what happened next? 🔮
  4. 4. SUBTITLE, NAME, ETC How did we get here? 🪚
  5. 5. SUBTITLE, NAME, ETC Started bootstrapped Started in 2006
  6. 6. SUBTITLE, NAME, ETC 2010 Raised $1.4M in Angel Money
  7. 7. SUBTITLE, NAME, ETC Our goal was to become profitable
  8. 8. SUBTITLE, NAME, ETC
  9. 9. SUBTITLE, NAME, ETC
  10. 10. SUBTITLE, NAME, ETC
  11. 11. SUBTITLE, NAME, ETC We hit $10M in Revenue with $3M in EBTIDA
  12. 12. SUBTITLE, NAME, ETC We started running at a loss 💸
  13. 13. SUBTITLE, NAME, ETC Looked pretty good from the outside
  14. 14. SUBTITLE, NAME, ETC Looked pretty rough on the inside
  15. 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. 16. SUBTITLE, NAME, ETC Running negative ⛈
  17. 17. SUBTITLE, NAME, ETC Missing a forecast ⛈ - 150K - 75K 0K 75K 150K 225K 300K January February March April $

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