Morrill: Late-Stage Investors Push $100M Rounds to Deploy Excess Capital
“What I'm seeing is a lot of the pressure is coming from that side. It's like, well, we don't want to deploy thirty million dollars, we want to deploy a hundred million dollars, because We don't have another, enough places to deploy its capital.”
Morrill: Mattermark operates without a board of directors
“Raising these big seed rounds, so we don't have boards for a really long time. Like, I don't have any board members, so I go to my advisors, and I'm trying to work with them and think through a lot of these questions with them”
Morrill: Young founders build consumer tech because they lack real-world experience
“I think there's just a ton of people who work on consumer products because they don't know anything about the world.”
Morrill: Public markets do not know how to value low-friction SaaS
“I think the public market doesn't even know how to value it, really.”
Morrill holds lion's share of Mattermark equity over husband and friend
“I started the company. I recruited my husband to join me. I recruited my friend Andy to join me. So I have the lion's share of the founder equity.”
Morrill: Mattermark Customer LTV Expected to Top $50,000
“So we have a really substantial amount of early customers upselling now, too, if we have an enterprise plan that's, like, more in the six-figure range. So I think it's gonna be, you know, in the fifty-k plus range, but I don't know for sure yet.”
Morrill admits a $1 billion valuation would far exceed Mattermark's value
“If someone comes along and offers me a billion dollars for Mattermark, that is so far and beyond the value of the company right now at least to me, but if someone else sees that kind of value, you'd have to consider that would be life-changing for every single…”
Morrill: Mattermark Targets $4.8 Million in Revenue for 2016
“I mean, I think if we hit like, you know, basically two X of what we did last year, so 4.8 million, I'd be thrilled. Anything beyond that is just icing on the cake. But I think that's a very solid year. I mean, continuing to grow triple digit, you know, growth…”