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SaaS Interviews with CEOs, Startups, Founders

Details of $20m Revenue Profitwell and $55m Revenue Paddle Deal and what led to the $200m Acquisition

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 27 June 2022

⏱️ 87 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

0:13.6

If you'd like to subscribe, go to getlatka.com. We've published thousands of these interviews,

0:19.5

and if you want to sort through them quickly by

0:21.8

revenue or churn, cack, valuation, or other metrics, the easiest way to do that is to go to

0:27.4

gitlatka.com and use our filtering tool. It's like a big Excel sheet for all of these

0:31.9

podcast interviews. Check it out right now at GitLatka.com.

0:39.9

So guys, hey, welcome to our episode of the top.

0:44.0

We're excited today have Patrick Campbell and Christian with Paddle.

0:45.9

Again, obviously, major deal recently announced.

0:48.0

And it's obviously exciting and certainly inspirational.

0:51.0

But my hope today is to drill deeper into origin stories of both the companies.

0:52.8

And then leap forward back to today.

0:54.8

What does 2023 look like in this space they're both now playing together in? So we're going to jump into all that today, Christian. Patrick,

0:59.0

you're ready to take us to the top? Laika, let's go. Let's go. Sweet. So obviously,

1:05.3

headlined, if you guys haven't read in the news, obviously you guys, Patrick, you sold your company to paddle here recently. You chose

1:11.3

to put a $200 million deal price. Just I guess, tell me quickly why putting that price out was

1:15.6

important. And then let's go to origin stories about profit well and paddle. Yeah, definitely.

1:20.3

So it was one of those things we're one. I think it's a good win for the team. We were a little

1:25.2

non-specific, like over $200 million because also like we're continuing to work on a team. We were a little non-specific, like over 200 million because also like we're

1:28.5

continuing to work on a team. And so it's like, I don't know, there's some advantages in like

1:33.1

being public. There's advantages in being opaque. We kind of chose translucent basically.

1:38.5

And I think it was just, it was one of those things. I think it's a good one for the team. But also,

...

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