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The Better Software Company

9 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Apr 1, 2020 by Steve Cody · said 21 times in 1 episodes since 2020 · across every show →

Mentions by year

brought up most by Nathan Latka (11), Steve Cody (10)

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2020 21 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about The Better Software Company, oldest first

Apr 1, 2020 negative
Assertion Not checkable as stated
VCs blocked Steve Cody from firing a leadership team executive
“There was one person on our team that I thought should leave the team that was in a leadership position. The VCs wouldn't let me get rid of them.”
Steve Cody Apr 1, 2020 ▶ 9:31 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020
Disclosure
The Better Software Company charges $100 to $250 per location
“The price will range between a hundred per location to 250 per location, and what we've done is we allow a person to have unlimited users”
Steve Cody Apr 1, 2020 ▶ 5:34 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020
Assertion Not checkable as stated
The Better Software Company has scaled to 4,000 franchise locations
“We've got about 4000 on there right now.”
Steve Cody Apr 1, 2020 ▶ 7:09 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020 positive
Assertion Not checkable as stated
The Better Software Company grew sales 55% after founder's buyback
“We've grown sales 55% since we took it back.”
Steve Cody Apr 1, 2020 ▶ 11:09 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020 positive
Assertion Not checkable as stated
Monthly churn dropped from 7% to 3.2% after the company buyback
“When we took the company back, churn was at about seven percent, and I think now we're sitting at about 3.2%.”
Steve Cody Apr 1, 2020 ▶ 13:07 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020 positive
Assertion Not checkable as stated
Targeting multi-location franchises reduced customer acquisition costs to $300
“When we kind of dug into it, what we found is any customer that had more than three employees did more than 350,000 dollars a year, had more than one location or had to manage inventory. They didn't turn as much. So we were able to take that and drive the CAC.…”
Steve Cody Apr 1, 2020 ▶ 15:48 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020
Disclosure
The Better Software Company began as an internal operating tool
“And the software we had created was always our competitive advantage, and when we started looking for something in franchising, we couldn't find anything, so we said, well, let's just modify ours so that we can start franchising with it”
Steve Cody Apr 1, 2020 ▶ 3:42 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020 negative
Assertion Not checkable as stated
VC investors took a loss when Steve Cody repurchased his company
“Yeah, they, yeah, they took a loss.”
Steve Cody Apr 1, 2020 ▶ 8:59 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
Apr 1, 2020
Assertion Contradicted
The Better Software Company initially raised $9.8M in venture capital
“We raised about 9.8 million through VCs.”
Steve Cody Apr 1, 2020 ▶ 8:15 1712 Investors put in $10m, He Left, Bought Back Company for Pennies on Dollar, How?
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