Austin McNabb

13 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Apr 2, 2024 by Austin McNair · said 32 times in 1 episodes since 2024 · across every show →

Mentions by year

brought up most by Nathan Latka (31), Austin McNair (1)

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2024 32 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Austin McNabb, oldest first

Apr 2, 2024 neutral
Disclosure
Austin McNabb: VisiPay hired the banker who facilitated its loan as CFO
“I mean, the very person that helped us is now our CFO. It's kind of crazy how that works. So a small world, right? So now the very person that understood everything about us is now currently today our CFO.”
Austin McNair Apr 2, 2024 ▶ 16:35 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 positive
Disclosure
VisiPay bootstrapped its payment processing business by targeting rural communities
“That's been kind of our differentiator since we started, and that's, I think, helped us excel to the next level, being bootstrapped from the beginning till today, is we are focused strictly on, you know, rural American communities, which we believe technology …”
Austin McNair Apr 2, 2024 ▶ 2:21 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 positive
Assertion Not checkable as stated
VisiPay grew revenue 19% to $21.5M in 2023
“From 2022 to 2023, our growth is about 19%. So we went from eighteen million to about 21.5 million in revenue.”
Austin McNair Apr 2, 2024 ▶ 4:00 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 negative
Insight
McNabb: Increasing sales headcount does not equate to more sales
“We thought more bodies equated to more sales when that's fucking not true. That's not true.”
Austin McNair Apr 2, 2024 ▶ 11:15 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Disclosure
Austin McNabb personally guaranteed VisiPay's $1.5 million bank debt
“Did you have to sign a personal guarantee? [904] Austin McNabb: Absolutely.”
Austin McNair Apr 2, 2024 ▶ 15:01 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 bullish
Prediction Not checkable as stated
VisiPay projects $26.5M revenue in 2024
“This year we're anticipating to do around 26 and a half is kind of our revenue projections and goals is another 23% increase we're looking to do.”
Austin McNair Apr 2, 2024 ▶ 4:08 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Assertion Not checkable as stated
McNabb: 95% of VisiPay's 100 staff had zero industry experience
“We hired about 95% of our staff. That have no industry experience whatsoever out of almost a hundred employees.”
Austin McNair Apr 2, 2024 ▶ 6:14 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Assertion Not checkable as stated
McNabb: VisiPay has over 125 active 1099 reps and ~500 in training
“We have over a 125 to act of 1089 across the United States. And we have probably close to 500 in training.”
Austin McNair Apr 2, 2024 ▶ 20:59 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Disclosure
Austin McNabb: VisiPay took a $1.5 million loan from a community bank
“Last year was 1.5 million. We worked with the bank on and we worked with them based on our projections and based on our current revenue growth, et cetera.”
Austin McNair Apr 2, 2024 ▶ 13:16 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 positive
Assertion Not checkable as stated
McNabb: VisiPay reduced residual payout rate from 52% to 43%
“The current market for us revenue streaming out in total when it comes out and that is about 43%, by the way, just because when you incorporate everything, there's deduction callbacks because, you know, accounts cancel, whatever, maybe it's about 43%. But anyw…”
Austin McNair Apr 2, 2024 ▶ 23:28 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Assertion Not checkable as stated
McNabb: VisiPay paid nearly $1M in monthly sales residuals
“Last, last month alone, we paid well, close to a million dollars of residuals out to W-twos and T-Nine-Nines.”
Austin McNair Apr 2, 2024 ▶ 22:21 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Assertion Not checkable as stated
McNabb: Full-time W-2 sales reps take six to eight months to achieve ROI
“So what we found out was it takes about six to eight months for ROI on a W two employee to make the money back when it comes down to what we're paying them salary wise, plus, you know, commissions, whatever that's kind of separated.”
Austin McNair Apr 2, 2024 ▶ 10:43 39 Year Old Made $21m Last Year Selling Surprising Software
Apr 2, 2024 neutral
Disclosure
McNabb: VisiPay plans to hire no more than two people in 2024
“This year, our goal is to hire no more than like two people. Our goal is not to hire a bunch of people this year.”
Austin McNair Apr 2, 2024 ▶ 11:50 39 Year Old Made $21m Last Year Selling Surprising Software
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