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John Brakey

Founder & CEO, Promys. On 1 show, 1 appearance. The Shows tab opens the full record on each.

founderexecutiveinvestorpromys.com ↗

John Breakey is a Canadian technology entrepreneur who founded Promys, a bootstrapped enterprise PSA, CRM, and help desk software platform. He previously founded UNIS LUMIN, a national IT systems integration firm that grew to over 150 employees before being acquired by Softchoice in 2011.

1shows
1appearances
12statements
0resolved
0supported
0contradicted

Everything John Brakey said on any show that made the record, most notable first. Each card names its show and opens the statement there.

TOP FOUNDERS Assertion Not checkable as stated
Brakey: ConnectWise struggled for 18 months after private equity acquisition
“Well, it was connect wise had a major problem when they had a major investor committed by the company and it took them about maybe a year and a half to really recover from that.”
John Brakey Feb 18, 2022 ▶ 11:49 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Brakey: Most tech-integrator profit comes from services, not product sales
“And so if you think about a company that's doing service-based business, most of their profitability comes from their services, not from the product sales that they do.”
John Brakey Feb 18, 2022 ▶ 2:04 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Assertion Not checkable as stated
Brakey: Most IT services firms use 2 to 4 fragmented software tools
“In addition to that, if you look at most people in the market, they're using two, three, sometimes four different products to cobble their business together, whether it's in the sales process, the order admin process, the delivery project services, and the tic…”
John Brakey Feb 18, 2022 ▶ 2:52 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Disclosure
Brakey: Promys blended seat pricing averages roughly $59 per month
“It's based on a seat license and there are two seat licenses. There's a field license or technical license and a full license for the salespeople and the admin people. And so you're looking at it on average about if you blend those two rates together, about 59…”
John Brakey Feb 18, 2022 ▶ 4:45 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Assertion Not checkable as stated
Brakey: Promys generates about $345K in monthly revenue
“Yeah, that's about right.”
John Brakey Feb 18, 2022 ▶ 7:59 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Disclosure
Brakey: Promys funded growth through cash flow and prior business exits
“We've had a lot of good cashflow and we had our own investment from some other businesses that we sold. So we've never really had to go outside in the marketplace.”
John Brakey Feb 18, 2022 ▶ 10:08 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Disclosure
Brakey: The average Promys customer has 40 to 45 seats
“The average customer is about 40, 45.”
John Brakey Feb 18, 2022 ▶ 5:09 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Disclosure
Brakey: Promys operates with a three-person remote sales team
“No, there's only about three, and we do a lot of through marketing and referral. And like all of our sales are done remotely.”
John Brakey Feb 18, 2022 ▶ 5:25 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Assertion Not checkable as stated
Brakey: Most Promys customers remain for 5+ years
“Most of our customers have been around for five plus years. In that case, some of the larger ones have been around for almost 10 years.”
John Brakey Feb 18, 2022 ▶ 6:39 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Assertion Not checkable as stated
Brakey: Promys has approximately 150 to 200 customers
“So we both have I guess approximately about a 152 hundred.”
John Brakey Feb 18, 2022 ▶ 6:59 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Assertion Not checkable as stated
Brakey: Promys has 15 full-time employees and 5 subcontractors
“Oh, the total team's 15 plus another five that are subcontract on the, like, so that if you, it breaks down into support like customer service and so forth, implementation training, and the other part of it is the dev development.”
John Brakey Feb 18, 2022 ▶ 7:15 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
TOP FOUNDERS Assertion Not checkable as stated
Brakey: Promys revenue was roughly 25% lower one year ago
“We were probably about 25% less.”
John Brakey Feb 18, 2022 ▶ 8:06 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

One line per show, most statements first. The link opens John's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

ShowRole thereEpsStatementsRecord
TOP FOUNDERSLEDGER Founder & CEO, Promys 1 12 full record on Top Founders →
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