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SaaS Interviews with CEOs, Startups, Founders

How he grew 400% by acquiring his smaller $450k ARR competitor without using cash

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 4 December 2022

⏱️ 16 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 getlatka.com.

0:37.4

Guys, safety evolution broke $54,000 a month just recently up from $18,000. Check it out right now at GitLatka.com.

0:42.7

Guys, safety evolution broke $54,000 a month just recently from $18,000 a month a year ago.

0:54.2

A lot of that growth came from acquiring $450,000 of ARR when they bought their smaller competitor called safety tech, which they gave 40% equity in the combined company in order to get that deal done. It was a non-cash deal, which is great.

0:55.7

He's proven if they have an enterprise motion, they've got their biggest customer already

0:58.5

paying $55,000 per year, which is currently about 8% of their total ARR.

1:02.5

He's obviously going to look to continue with that motion as they look to break a million-dollar run, right.

1:06.2

Hey, folks, my guest today is David Brennan. He's an experienced CEO, SaaS co-founder and safety professional.

1:11.5

He's driven by a passion for technology.

1:13.1

He's focused on creating user-centric software that is disrupting the safety industry.

1:17.3

He's passionate about building and creating high-performing teams at safetyevolution.com.

1:23.1

All right.

1:23.4

You ready to take us to the top, David?

1:25.2

Yeah, let's do it.

1:26.4

All right.

1:26.8

So what does this mean?

1:28.0

Safety for who and how is this software? So it's our ideal customer profile is oil and gas service

...

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