I'll.
Acquiring Minds
Buying a Platform with an SBA Loan
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If yes, let's proceed. If no, then this, this investment might. Might not be for you.
And there was nothing official there. It was more of just getting a sense of each other and in the vision here and kind of handshaking ex on expectations.
Certainly. That's. That's right. And ultimately too, I was, I was 26 when I was raising the money. To say anybody has their life figured out at 26 would be hard, especially when you're about to move across the country for an acquisition. So to say definitively one way or the other, I think would have been unjust about what I was going to want or what the investors might want in five years.
Yeah.
Or where the business would be even. Right?
Yep. Okay, Jacob, great. Let's return. We still have got a bunch of topics here I want to get to, so let's quickly return to so how it's going. Okay, sure.
So you closed when we closed in July of 2024.
July 2024. So you are 18 months in. How is it going?
It's great. The first year we grew about 15 year over year. Obviously I only owned the business for half that year, but last year was the best year for the company to date. And this year I just looked.
We're on Track to grow 22% year over year, which puts us close to 2025 will be roughly 50%. Sorry, I'm looking at the calendar. 2025 will be roughly 50% over 2023.
Growing 15% the first year of ownership and an additional and then 22% on top of that growth. The second year of ownership ends up being 50% in total ish from the baseline from when you spot it.
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