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SaaS Interviews with CEOs, Startups, Founders

How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 28 May 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

Ryan Kulp is a marketer and self-taught developer, best known as founder of Fomo.com. He and his wife buy and grow small companies together at their Micro PE fund, Fork Equity (forkequity.com). Ryan has been traveling full-time for 2 years and writes a data-driven travel blog at rickshawlabs.com.

On this episode we discuss how he finds companies to buy, why he's ok not getting huge, and how he ensures profitability. 

If you enjoy this episode, it'd help me out if you left a review. This helps me get hard to reach guests. 

For more SaaS content, SUBSCRIBE then visit GetLatka.com

Transcript

Click on a timestamp to play from that location

0:00.0

Started back in 2013 at a Techstar's company left in 2014 to join a YC company.

0:04.5

2015 went to New York City, launched an agency, then joined a company, a VC firm called GrowthX in 2015,

0:10.2

found a cool out called NotifyUp.io, doing about 15 grand a month in revenue at the time.

0:14.5

He basically bought it for 1X, called EBIT the multiple on the first year revenue,

0:18.6

somewhere between $100,000 and a million dollars, but only had to put in about three grand of his own

0:22.0

cash to do it the rest again paid for it overtime seller financing from there

0:25.5

2015 or 2020 now the company is doing caught 5,000 customers on the program

0:30.2

paying between 19 and 2 grand per month overall the business is doing caught

0:33.4

$90,000 a month in SaaS revenue purely. It's about flat. This one company makes

0:38.4

about 60% of the total fork team portfolio companies, which is essentially the entity Ryan

0:44.6

has set up to buy other SaaS companies as he looks to scale and focus on something I love,

0:49.1

profits. Nathan Ladka here, guys, and if you're enjoying the podcast, remember, there's a premium

0:53.9

version with even more.

0:55.1

You get early access to episodes, so you would have heard this almost four weeks ago.

0:59.5

There's 1,500 searchable transcripts by data points, like revenue greater than a million, or

1:04.5

located in the United States, or bootstrap SaaS companies only. If you want to help out right now,

1:09.8

head to getlaka.com or check

1:11.6

out the show notes for a link. Your support also helps us to continue to produce high quality

1:15.8

shows in the future. Hello, everyone. My guest today is Ryan Culp. He's a marketer and self-taught

1:21.9

developer, best known as founder of FOMO.com. He and his wife, buy and grow small companies

1:26.3

together at their micro-private equity fund called Fork Equity.

1:29.6

Ryan's been traveling full time for two years

...

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