4.6 • 683 Ratings
🗓️ 1 December 2022
⏱️ 22 minutes
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Help company scale and prepare to sell.
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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. |
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0:39.4 | Clearview Social launched in 2013. |
0:43.1 | They scaled up to 2021 to over $2 million in ARR, |
0:47.4 | and ultimately were generating real EBITDA, 400 to 700K per year. |
0:51.0 | They sold for 13X EBITDA in 2021. |
0:53.4 | Adrian owned 60% of the business. |
0:56.8 | Employees owned about 9% of a 15% option pool. So they celebrated there about 15 folks in that option pool as well. And again, at the exit, Adrian |
1:02.0 | then said, okay, 70% of the cash came up front, 20% in year two. And then the last in year three, |
1:07.0 | or sorry, in year two, which he's just finishing out now, moving on to his next thing, |
1:10.6 | which is helping and consulting companies hit that first million dollar mark. |
1:14.4 | Hey folks, my guest today is Adrian Day and his passion is helping in companies scale. |
1:18.6 | He learned this by accident. |
1:19.6 | Three years ago, he's asked to volunteer as a coach for a group of young entrepreneurs as part |
1:22.9 | of EO Accelerator in Utah. |
1:24.9 | He was hesitant because he was building his own SaaS company, but he agreed. In his first year, he helped multiple young companies grow and reach a million bucks in |
1:30.5 | revenue. In the process, he actually ended up selling his own company, Clearview Social. At the time |
1:35.1 | of sale, they had over 60,000 users in 12 countries. We had the pleasure of interviewing him back in 2020 |
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