Badger Mapping

8 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Nov 25, 2022 by Steve Benson · said 4 times in 1 episodes since 2022 · across every show →

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2022 4 mentions in 1 episode

Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity Nov 25, 2022 · 4 mentions · from 1:06
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Everything said about Badger Mapping, oldest first

Nov 25, 2022 neutral

Disclosure

Badger Mapping raised $6M in total debt to reach $5M ARR

“I think I've done, well, I think I've done about six million dollars in debt over the years on and off. You know, and moving it around right now. I have about 2.25 with you guys at founder path, as you know”

Steve Benson Nov 25, 2022 ▶ 12:56 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022

Assertion Not checkable as stated

Badger Mapping lost 40% of revenue in 2020 but finished down 10%

“We probably lost 40% of our customers during like revenue wise during during 2020. That being said, we were able to sell to a bunch of new customers during that period. So we only ended up about down about 10%.”

Steve Benson Nov 25, 2022 ▶ 1:40 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022 neutral

Disclosure

Badger Mapping sold only 10% to 12% to non-institutional angel investors

“We've only brought in from an investor perspective, we've, I get, we've sold about, I think, 12, 10, 12% of the company to investors. So, and no, there's no professional money in there.”

Steve Benson Nov 25, 2022 ▶ 9:26 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022 neutral

Assertion Supported

Salesforce acquired Badger Mapping's primary competitor for roughly $250 million

“I've always got my eye on, on, on Mark Benioff. Cause he bought my biggest competitor for. Two hundred and fifty million bucks or so.”

Steve Benson Nov 25, 2022 ▶ 16:14 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022 neutral

Disclosure

Steve Benson retains over 50% ownership of Badger Mapping at $5M ARR

“So I own more than half of the business”

Steve Benson Nov 25, 2022 ▶ 10:11 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022 positive

Assertion Not checkable as stated

Steve Benson says Badger Mapping is approaching $5 million in ARR

“You could divide our total revenue, which is right around five million. We're about to cross five either this month or next month, I think.”

Steve Benson Nov 25, 2022 ▶ 5:03 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022

Disclosure

Badger Mapping grew from $4.2M to nearly $5M ARR in 2022

“A year ago, I, we started this year at three 50 in MRR. So I'd have to run that math, but what is that? 4.2 ish.”

Steve Benson Nov 25, 2022 ▶ 7:29 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Nov 25, 2022 bullish

Disclosure

Badger Mapping is preparing to close its first 1,000-seat enterprise deal

“As of right now, but a little bird on the sales team tells me that we're about to do a thousand seat one, so for the first time.”

Steve Benson Nov 25, 2022 ▶ 6:05 Bootstrapper hits $5m ARR using $2m in debt, keeps all his equity

Badger Mapping

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