Variato

company on 1 show · 3 statements across 1 episodes

Top Founders

3 statements about Variato, every show

TOP FOUNDERS Assertion Not checkable as stated
Miller: Awareness Tech exited for $35M in 2020 after turnaround
“They went from losing money to making two million dollars, and so we were before we bought them, we were you know, a twelve million dollar business making four at this point, and they added they were eight and two now, and so now we were 26, and then we said, …”
Brad Miller Oct 13, 2022 ▶ 12:30 Masters of Debt: How to buy a $5m SaaS Company Using Debt, Grow to $20m, Then Flip for a Huge Gain
TOP FOUNDERS Assertion Not checkable as stated
Miller: Acquired competitor Variato for $3.5M after initial $19M valuation
“We started a negotiation where we were going to pay them. Nineteen million dollars on it. Then they were doing twelve million of revenue. But by the time we close the deal, they were on a Eight million dollar run rate, and they had run out of money, and they c…”
Brad Miller Oct 13, 2022 ▶ 10:20 Masters of Debt: How to buy a $5m SaaS Company Using Debt, Grow to $20m, Then Flip for a Huge Gain
TOP FOUNDERS Assertion Not checkable as stated
Miller: Variato Sold to VCs for $45M at $15M Revenue, $6M Profit
“I got outbid heavily because they got sold for forty five million to Two VCs. And it was a nice, you know, business doing fifteen million of revenue, making six million of profit.”
Brad Miller Oct 13, 2022 ▶ 9:12 Masters of Debt: How to buy a $5m SaaS Company Using Debt, Grow to $20m, Then Flip for a Huge Gain

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