Hauser: Grasshopper founders secured no earnout and left immediately after selling
“When we sold the company, we left the next day, me and my partner. Right. So there was no earn out. There was no time we had to spend there, nothing else.”
Hauser: Small acquisitions are riskier because high revenue cushions operational mistakes
“So revenue, the higher the revenue, more importantly, and it's not just because it's the number, it's because it gives us cushion, right? It means if we make mistakes after we acquire things, we have more chances to make another mistake to correct it or kind o…”
Hauser: Market trajectory matters far more than total addressable market size
“Addressable market is really one that's interesting to me because a lot of people think about size of addressable market. And I think quite honestly, that doesn't matter for most of us in the room, right? Unless you're doing hundreds of millions of dollars, th…”
Hauser: Citrix paid more upfront cash because founders had already stepped back
“They actually paid more because they didn't have to find expensive positions for me and my co-founder to be in and stupid titles, right? So they paid more cash upfront to not deal with that.”
Parr: David Hauser sold bootstrapped Grasshopper for around $200M
“Grasshopper was the software company that he sold, I think for two hundred million dollars entirely bootstrapped.”
LeadFuze raised $150k from Rob Walling, David Hauser, and Adam Gustafson
“We just recently raised some money, like a small round, a 150,000. We may end up adding another a 100,000 or so, but we raised a 150,000. We've got some awesome investors like Rob Walling of drip, who I know you've talked about their product. They just recentl…”