Don't take it personal. And so as they move, we started to evolve and we got bigger and better and stronger and all those things. And we had like, you know, done a great job growing the business.
Acquiring Minds
60% Concentration That Killed an Exit
Episode
Excerpts · 620 segments · ~1:49:21 long
Short excerpts only — hear the full conversation on the publisher's site.
05:02 Background: finance to search fund11:05 Fundraising and finding the deal14:39 The salon POS business26:23 SaaS conversion and deal terms33:48 Building HQ and team in Minnesota45:15 Growth and POS market getting hot55:16 Going to market, buyer walks1:01:31 Whistleblower, lawsuit, settlement1:26:13 Buying back software for Zenoti1:30:02 Lessons and searching again
We had almost tripled it in that time. And we decided in 19 to go to market
and Roger, let me, let me pause.
I was gonna ask you when you talk about that part.
Not yet. So you all. You tripled it, you said.
Yeah, just about almost tripled it. Yeah.
So we heard you say 7 million top line when you got into the business. And so you were just high teens.
We were just over. No, but so we moved to the fully SaaS model. Right. So we had gotten all recurring. So we'd gone to about, almost, about, almost 11 million of. Of recurring.
So from the four base that you mentioned, four of the. The original seven was recurring. That was now at about 11.
Give or take.
Yeah, give or take. Okay, great. That's fantastic. And you had successfully navigated this move to the cloud, which is itself hard and takes longer than everybody thinks it will.
Yeah.
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