Banks Rely on Him for Clean Financial Data, $60k in MRR
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 702 Ratings
🗓️ 3 February 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
Structure unstructured financial data.
Transcript
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| 0:00.0 | Do you guys care about valuation right now, specifically your valuation? Do you think you might |
| 0:04.9 | raise soon or sell a portion of the company? There is no other tool on the internet that you can |
| 0:10.9 | use to get a better and higher valuation than Founderpath's new valuation tool. We have over |
| 0:16.3 | 253 deals that went down over the past 30 days, all the revenue numbers, all the valuations, |
| 0:22.7 | and the multiplier. That way you can go filter the data, find companies that are your same |
| 0:27.0 | size, what they sold or raised for, or at, and then use those as comparables in your decks to |
| 0:32.4 | argue and debate and get a higher valuation and less dilution, which is the name of the game, |
| 0:37.7 | less dilution. Check it out today at founderpath.com forward slash products. That's plural, |
| 0:42.9 | forward slash valuations. Again, both plural. Founderpath.com forward slash products, |
| 0:48.2 | forward slash valuations. You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom. |
| 1:02.0 | If you'd like to subscribe, go to getlatka.com. We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, |
| 1:11.7 | cack, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use our |
| 1:17.3 | filtering tool. It's like a big Excel sheet for all of these podcast interviews. Check it out right now |
| 1:22.5 | at gitlats.com.com.BR now doing over $50,000 a month in revenue up from $25,000 a month just a year ago. |
| 1:32.3 | They have three business models that is selling all kinds of financial data to banks. |
| 1:36.3 | They have a data as a service, which is 60% of their revenue, SaaS, which is 20% of the revenue, and service, which is another 20% of their revenue. |
| 1:42.3 | They've got a team today of about 35 folks, |
| 1:45.7 | 26 of which are in engineering and data cleaning. They help these private equity firms clean up, |
| 1:50.0 | you know, balance sheets, profit and loss, cash flow statements, then also aggregate publicly traded |
| 1:54.0 | data off the internet via scrapers and sell back to the big PE funds of the banks of the world. |
| 1:59.2 | Hey folks, my guest today is Alex Abu Jammar. |
| 2:01.7 | He's worked in M&A advisory for the start of his career and was a CFO of a manufacturing |
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