Agilence

14 statements across 1 episodes · 4 bullish · 3 bearish · 1 people on the record · first statement Sep 4, 2023 by Russ Hawkins · said 24 times in 1 episodes since 2023 · across every show →

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brought up most by Nathan Latka (21), Russ Hawkins (3)

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Everything said about Agilence, oldest first

Sep 4, 2023 positive
Disclosure
Hawkins: Agilence sold to PE 18 months ago, pursuing M&A for expansion
“We sold the company to a private equity firm about 18 months ago, and one of the things that they've enabled is potential acquisitions, and so I'm looking at a couple of acquisitions right now that would give us a structural platform to bring our solution to o…”
Russ Hawkins Sep 4, 2023 ▶ 7:59 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 bearish
Assertion Not checkable as stated
Hawkins: Agilence sold under 5x ARR but deserved an 8x multiple
“We sold sub five and I think we should have gotten more like eight.”
Russ Hawkins Sep 4, 2023 ▶ 16:06 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023
Assertion Not checkable as stated
Hawkins: Agilence averages $125k ACV across hundreds of US customers
“Today we have a couple of hundred customers, more than a couple of hundred customers across those three groups in, in the U S on average, they pay us around 125,000 a year, but we have some that are close to a million and some that are smaller.”
Russ Hawkins Sep 4, 2023 ▶ 6:19 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 bullish
Prediction Not checkable as stated
Hawkins: Agilence will have three $1M+ ARR customers within a year
“Most likely through expansion sales, all three of them will be over that threshold within the next year.”
Russ Hawkins Sep 4, 2023 ▶ 6:46 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023
Assertion Not checkable as stated
Hawkins: The average Agilence customer operates 600 locations
“My average customer has 600 locations, so we're not talking about small businesses here.”
Russ Hawkins Sep 4, 2023 ▶ 19:17 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023
Assertion Not checkable as stated
Hawkins: Agilence customer count is close to 300 across US and Canada
“No, we've got closer to 300 and they're across all three markets and, but all in the U S well, U S and Canada today.”
Russ Hawkins Sep 4, 2023 ▶ 7:30 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 negative
Assertion Not checkable as stated
Hawkins: Arrowroot Capital forced an unwanted exit on Agilence
“All I know is that they forced our hand and it was not not what we wanted to do.”
Russ Hawkins Sep 4, 2023 ▶ 18:15 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 negative
Insight
Hawkins: Conflicting venture fund timelines create major exit alignment issues
“It's a problem from my perspective with the, with you know, multiple venture investors that have, you know, conflicting objectives within their own funds.”
Russ Hawkins Sep 4, 2023 ▶ 15:42 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 neutral
Disclosure
Hawkins: Agilence raised under $30M equity and peaked at $5M debt
“Probably at the height of it, it's probably only five million in, in in debt and about just a little short of thirty million total equity raised.”
Russ Hawkins Sep 4, 2023 ▶ 11:20 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 neutral
Disclosure
Hawkins: Agilence AE quota is around $1M ARR
“Right around a million ARR.”
Russ Hawkins Sep 4, 2023 ▶ 10:26 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 positive
Assertion Not checkable as stated
Hawkins: Agilence grew revenue 17.3% in the prior year
“The last year we grew in at 17.3%.”
Russ Hawkins Sep 4, 2023 ▶ 18:45 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 neutral
Disclosure
Hawkins: Agilence operates with a 60/40 equity-to-debt ratio under PE
“Lately, so the last 18 months, we had more debt. We've leveraged up with debt because that's kind of the part of the PE playbook. But and so the equity to debt ratio right now is about 60, 40 in the plan, in the business.”
Russ Hawkins Sep 4, 2023 ▶ 12:29 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 neutral
Disclosure
Hawkins: Early venture debt cost low-teens interest plus 1% to 3% warrants
“Early on, we were paying fairly, fairly hefty rates, so they're getting good returns usually. Low teens... Low teens and, you know, a little bit of a little bit of equity in there as well... Smaller, actually, in most cases, one to three has been the, been my …”
Russ Hawkins Sep 4, 2023 ▶ 14:03 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
Sep 4, 2023 positive
Assertion Not checkable as stated
Hawkins: 80% of Agilence customers use the platform for operational analytics
“Originally, the use cases were all around loss prevention, but now 80% of my customers use it for operational analytics merchandising, marketing, even the finance organizations use it for a variety of things.”
Russ Hawkins Sep 4, 2023 ▶ 5:22 The $30m ARR Battle: How 1 VC Forced a 5x Exit When Restaurant SaaS CEO Wanted to Keep Building
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