why aren't all 7 resolved? a statement only gets an assessment when the public
record can support or contradict it. opinions and what-ifs never can, and 0 checkable
ones are still open, waiting for their date. predictions held up or didn't;
assertions are supported or contradicted. on every card:
▮▮▮▮▮ certainty ·
▮▮▮▮▮ debate potential. speakers are clickable
Assertion Partly supported
Gazdecki: Bizness Apps hit tens of millions via 5,000 agency partners
“What you can do is you can take products and then offer a white label solution, and that's what we did, and we sold to over 5000 agencies all across the world in, like, 75 different countries, and so, essentially, what it allowed us to do is kind of have, like…”
What-if
Gazdecki: Bizness Apps could have grown larger by focusing on one vertical
“If we went narrow on, like, one vertical, I think we could have grown further”
Assertion Supported
Gazdecki bootstrapped Bizness Apps to $10M ARR before selling to PE
“It was called a business app, spelled B-I-Z-N-E-S-S apps. And it was like a no code mobile app builder grew it to about ten million in your career revenue and then sold to a private equity firm and then bootstrapped that business like you.”
Disclosure
Gazdecki started a crypto startup during Bizness Apps due diligence
“So I ended up starting a crypto company called all coin. That one wasn't nearly as successful, but I was, Literally building a company, like, during due diligence”
Assertion Partly supported
Gazdecki sold Bizness Apps to a $10B PE firm at age 29
“Yeah, well, I sold to a ten billion dollar private equity firm, and at the time I was 29, you know, so it just kind of felt like a David versus Goliath situation, and the firm I sold to is very professional no hard-nosed negotiations. It was a fantastic outcom…”
Assertion Not checkable as stated
Gazdecki paid $150,000 for Bizness Apps legal fees at $1,000 hourly
“The legal bill, I believe, was like a 150,000, and I remember the attorney telling me, hey, every time you email me, I have to charge you for 15 minutes of my time, and their hourly rate was a thousand an hour.”
Disclosure
Gazdecki: Prioritized favorable deal terms over a larger earnout at Bizness Apps
“I did that with business apps. I optimize for terms rather than like bigger and out and stuff like that.”