Everything Alex Simani said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Alex Simani Says TitleCapture Is Worth $60M-$80M to a Strategic Buyer
“We were actually doing the math. I'm not going to name any names, but we realized that for one of our partners, a buyout would be in the range of 60 to eighty million. You know, that would be fair value to them. Actually, that would be a discount, you know, so…”
TitleCapture Explored Raising Capital to Buy a Distressed Insurance Underwriter
“We've actually discussed Finding a distressed insurance underwriter that we could buy, you know, that we would need an investor. Obviously we would need, you could take outside money by that distressed underwriter and use our technology, right. To position it,…”
TitleCapture Launched by Selling First Client a $1,000 Monthly Lifetime Deal
“And we do the homework and we propose to them, Hey, you don't have to pay us hundreds of thousands of dollars, just pay us a thousand dollars a month, you know, going forward and we'll cap it lifetime deal and we'll build it, but we're going to own it. And the…”
TitleCapture's First Client Stayed After Being Acquired by First American
“The funny story is the acquiring company already had a solution. But the people that were using us, they sort of were activists and they didn't want to let go of it. And so they kind of opposed canceling and we're still with them.”
TitleCapture Has Signed 1,500 Agencies Out of a 13,000 Total Market
“We have signed up of 1500 title agencies thus far. The market in total is 13,000.”
TitleCapture Has 1,000 Active Paying Accounts After Factoring in Churn
“We've signed up 1500. And when you take out the churn companies I don't know, we're about around the thousand active.”
TitleCapture Revenue Grew Just 6% in 2022
“One year ago, we were six percent less, because I remember the growth in 20, 22 was six percent.”
TitleCapture Monthly Churn Spiked From 0.7% to 1.8% in Late 2022
“Our churn is normally at about point, 6.7% month over month. But in the sort of last couple of months of 20, 22, we did see it up to 1.8.”
TitleCapture's Growth Is Tapering Due to Tech-Savvy Market Saturation
“And what's actually now becoming very evident is that growth is tapering because of the fact that we're going higher into the sort of market share quota. And because you have other competitors, because whatever, you've already signed up the people who are tech…”
Title Settlement Software Generates $40,000 ACV, 10x More Than Calculators
“We definitely have to start moving either by or build whatever, because that's a 40,000 ACV product. It's a 10 times.”
TitleCapture Distributes Half of Monthly Profits to Founders, Retains Half
“We just make it half-half, because we have two partners, 50% each. And well, we don't take it all right. We kind of limited to the point where half stays in cash. You know, just adds to the cash every single month.”
TOP FOUNDERSLEDGER