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SaaS Interviews with CEOs, Startups, Founders

871 Which is Smarter: Buying vs Starting Companies

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 12 December 2017

⏱️ 23 minutes

🧾️ Download transcript

Summary

JD Graffam makes an interesting argument for buying companies instead of starting new ones. 

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning, everybody. I wanted to just quickly remind you if you love B-2-B SaaS and you're loving all these CEOs I have on, remember, you can get all of their data in a big, beautiful spreadsheet at gitlatka.com. That's G-E-T-L-A-T-K-A dot com. So I hope you're enjoying the month. I love December. I love the holidays.

0:21.5

And here is our program for today.

0:25.0

This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich or crash and burn.

0:36.3

Each episode features revenue numbers, customer counts,

0:40.3

and other insider information that creates business news headlines.

0:45.3

We went from a couple hundred thousand dollars to 2.7 million.

0:48.3

I had no money when I started the company.

0:50.3

It was $160 million, which is the size of any IPOs. We're a bit strapped.

0:55.3

We have like 22,000 customers. With over 5 million downloads in a very short amount of time,

1:03.4

major outlets like Inc are calling us the fastest growing business show on iTunes. I'm your host,

1:09.5

Nathan Latka, and here's today's episode.

1:13.4

Hello, everyone. My guest today is J.D. Gafflin. He's a user experience expert and business

1:19.1

leader. He founded his first business, Simple Focus, a digital experience company back in 2009.

1:25.0

Today, he manages two digital agencies and six product businesses, all of which

1:28.7

are bootstrapped and profitable. J.D., are you ready to take us to the top?

1:32.9

Let's rock and roll. So I got an intro from you from a mutual friend, and I don't think that

1:37.4

bio does you justice, so I'm going to do you more justice, which is you buy companies, right,

1:43.9

smaller SaaS companies, kind of like what I do,

1:46.1

and you use your experience to grow them, make them more valuable, and maybe sometimes sell

1:51.1

them. Is that accurate? Yeah, sure. That's close enough. Where did I miss? I haven't really

1:57.2

sold anything. I've gotten rid of one, but the rest I'm holding on to.

2:02.9

Well, if something's cash flowing, it sometimes doesn't make sense to sell them or get rid of

...

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