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SaaS Interviews with CEOs, Startups, Founders

The Inside Story of Beamer Acquiring Userflow to hit $10,000,000 in ARR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 8 August 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

Inside Beamer acquiring UserFlow and creating a $10,000,000 revenue machine. Userflow had no reason to sell with 50% EBITDA margins, 650 customers and completely bootstrapped. How did Beamer, using Camber fund money, get the deal done?

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.

0:13.5

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, cac, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use our filtering tool.

0:29.6

It's like a big Excel sheet for all of these podcast interviews. Check it out right now at gitlatka.com.

0:38.3

I think over the next 20 minutes I'm going to talk about, you know, what are the

0:45.9

drivers for this acquisition to happen?

0:49.3

How did it come through?

0:51.2

What went well?

0:52.0

What did not go well?

0:53.6

What mattered to the team, both

0:54.9

in terms of emotions, egos. Now you have founders on one side, you have the investors on the

1:00.8

other side, and then you have operators like me on the other side, right? So, obviously,

1:05.5

it's a very interesting dynamic that has happened over the last few months.

1:10.0

Quickly a quick background about me.

1:13.6

So I've been in SaaS for maybe 15, 20 years, mostly as an operator, self-financing

1:20.6

and selling for companies.

1:23.6

So I started off as an executive at a growth equity fund called Camber Partners.

1:28.3

You might have seen some of those teammates like Justin or Will around.

1:33.3

So we had a thesis and we started to look out for a bunch of companies.

1:38.3

I think personally I looked at 150 companies over the last six months.

1:43.3

And I think Beamer was a company that kind of really stood out in its own definitions.

1:49.6

One, it was led by two founders, it was bootstrapped, it has grown itself to being a few

1:57.1

million dollars of revenue without any external financing, led by a very international team between Spain and states,

...

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