Chris Marentis
Founder & Executive Chairman, Surefire Local. On 1 show, 2 appearances. The Shows tab opens the full record on each.
founderexecutiveoperator@cmarentis ↗LinkedIn ↗surefirelocal.com ↗
Chris Marentis is the founder and former CEO of Surefire Local, a local marketing intelligence and automation platform. Earlier in his career, he served as Senior Vice President of AOL’s Interactive Marketing group and as CEO of Clearspring Technologies.
1shows
2appearances
25statements
1resolved
1supported
0contradicted
100%fully supported
Everything Chris Marentis said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mariantis: Venture capital pushes rapid failure or heavy founder dilution
“Because what they're going to do is give you a pile of money, and then they're going to tell you, go fast, and they want you to either fail fast, or keep on piling in more money, and take away ownership.”
Morentis: Early VC Funding Causes Founders to Lose Operational Control
“Two things happen when you raise a lot of money early. You know, one is you lose real control, operational control of your business but two, you really, you know, own a small fraction of that business, and in all likelihood, You know, you're going to continue …”
Morentis: Venture debt should fund sales acceleration, not product development
“When you do that as an entrepreneur, you've got to be of the belief that the value creation you're going to be able to do, because again, the thesis here is that you're using that debt to really accelerate sale. You know, you're not using it for product develo…”
Morentis: Surefire Local quadrupled its valuation after raising venture debt
“I, you know, quadrupled the valuation of my company for my investors and me, you know, so is it expensive?”
Mariantis: Transactional sales requires high energy and granular rep-level data
“That transactional sales model requires super high energy, Really granular data at the at the salesman level. So you really know what they're doing so you could train them, support them, understand, you know, and be, have prediction about what your next month'…”
Mariantis: Surefire Local will reach about $30M ARR by year end
“We'll end this year about thirty million in ARR.”
Mariantis: Surefire Local will reach neutral NRR by Q1 next year
“And we're in a SMB space, which is really tough to get a positive you know, NRR, but we feel we're on course to get at least a neutral NRR by Q-one next year, leveraging all these tools.”
Mariantis: Surefire Local targets a $125M to $150M PE or strategic exit
“We're at a stage now when we're going to do a private equity deal or strategic. And, you know, that's going to probably be somewhere in the 125 to hundred and fifty million range.”
Surefire Local will sustain 50%+ growth without raising new capital
“We'll be able to continue to grow, you know, above 50% without any other new capital.”
Morentis: Founders should push debt payback periods as far back as possible
“I would move that payback period as far back as you can. Cause it, you know, it's sort of like a balloon loan for a home. All of a sudden you just going to owe, you know, a bunch of money and really as an entrepreneur, you just want predictability for as long …”
Mariantis: Surefire Local generates about $26M in ARR with majority control
“It allowed us to keep control of the company, and have a majority of the company, and right now we're actually sitting at about twenty six million in ARR.”
Mariantis: Inbound accounts for about 30% of Surefire Local's revenue
“So today about 30% of our revenue is from inbound.”
Mariantis: Surefire Local currently carries $11.5M in debt
“Today we have 11.5 million in debt, and that was done in a couple of tranches.”
Mariantis: Surefire Local 4x'd sales in four to five months
“We, so we four X our sales and really months, four or five months.”
Mariantis: Post-2020 cohorts have 2.5% gross churn and near 1% net churn
“But what's really interesting is the new customers, meaning brought on from 20 20 forward, those cohorts are doing incredibly well and are at 2.5% gross churn, and we're starting to get towards one percent net churn with those new cohorts.”
Surefire Local holds $10M preferred equity stack after $6M cash raised
“We have, you know, about six million in, in cash that we raised. I acquired three companies along the way. So, you know, for all stocks, so, you know, a capital stack of around ten million in preferred.”
Surefire Local will exit 2022 at $30M ARR with 70% growth
“And we'll, and like I was telling you earlier, we'll exit this year about thirty million ARR, growing ARR at about 70%.”
Morentis: Debt warrants should generally be avoided unless terms and partner fit
“For me personally, I would rather not give up the warrants, you know You know cause you know, I mean, the whole purpose of debt is that you that you try to limit, you know, but it depends on how big the warrants are and what kind of a partner it is. I wouldn't…”
Morentis: Digital Pharmacist Sold to K1 for a 12.5x Multiple
“Mike, who is a, you know, he was a CRO at digital pharmacist sold for 12 and a half times the K one.”
Surefire Local Quadrupled Monthly Bookings in Four Months Via Outbound
“Once we made that change, he actually, he said, Chris, hire me and give me six people in Austin. I'm going to show you what I can do. We quadrupled monthly bookings in four months.”
Morentis: Surefire Local net revenue retention is just below 100%
“No, we're not above a hundred percent. We're just below.”
One line per show, most statements first. The link opens Chris's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | Founder & Executive Chairman, Surefire Local | 2 | 25 | 100% 1/1 | full record on Top Founders → |