Everything Ben Currin said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Unsexy vertical software with embedded finance holds massive opportunity
“What I saw as an opportunity, not HOA, I didn't know anything about the HOA market, but these kind of not sexy vertical software kind of markets that, that were sneaky big either had a payments component or a financial services component or had a big ecosystem…”
Vantaca chose minority financing to capture expected massive future growth
“I mean, it was clear to us that that was a checkpoint that would accelerate growth. You know, I don't know if we perfectly saw over the next, you know, three or four years, 10 X, you know, over that period of time, but we saw that as a possibility and we saw a…”
Vantaca serves around 500 customers managing over 6 million homes
“Right around 500 professional community association management companies. That has within it 50,000 communities and over six million homes.”
Vantaca charges approximately $0.50 to $1.50 per managed door
“Yeah, I think that's like, that's ballpark the right range to think about for SAS.”
Vantaca's core SaaS product accounts for over 60% of total revenue
“Yeah, that's fair.”
Vantaca takes less than a 2% to 3% rate on payments
“No, it's less than that. I mean, it's certainly less than two to three percent, but we also it is, I'd say it's a value add for our customers, but it's also a way for them to strip out a lot of the friction of Between them and their customers.”
Vantaca has grown revenue over 10x since JMI Equity's 2022 investment
“We've grown the business more than 10 X since then. So that's been a great kind of growth story since 2022. And then based on homes or revenue revenue and homes not far off either, but certainly revenue”
Vantaca generated low six figures in revenue in 2018
“Think 2018 in the low 100,000 of revenue.”
Vantaca crossed $1 million in revenue in 2019
“It would have been the following year.”
Vantaca bootstrapped to high single-digit millions in revenue before raising capital
“Call it high single digit millions.”
Every dollar invested into Vantaca generated five to ten dollars in return
“Every additional dollar we were able to put in the business, you know, five or 10 more dollars come out within a pretty short period of time, but it's just, what is that time delay and how much, you know, can we short circuit that time delay?”
Vantaca acqui-hired YC-backed AI startup HOAI in late 2024
“We acquired a small kind of business, really almost aqua hired a couple of really talented partners out of Y Combinator, a company called HOAI that joined Vantica. We still operate that. That product as an independent product brand, but within Vantica closed t…”
Almost all new Vantaca customers onboard the acquired HOAI product simultaneously
“Almost all of our new logos onboard both Vantica and HOAI together”
Vantaca spun out of co-founder Dave Sawyer's HOA management business
“So I joined the team, my business partner is Dave Sawyer, who's the original founder of the business. I joined Dave and a couple of the founding kind of team members who were working in a services business that Dave owned, and kind of, this is one of those sto…”
Vantaca's first customers each managed 50,000 or more homes
“Our first customers had, you know, 50,000 plus doors or homes that they would manage at a time, but we sell to the community association management company.”