Chris Morentis

9 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Aug 16, 2022 by Chris Marentis · said 18 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (16), Chris Marentis (2)

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Everything said about Chris Morentis, oldest first

Aug 16, 2022 positive
Assertion Not checkable as stated
Morentis: Surefire Local quadrupled its valuation after raising venture debt
“I, you know, quadrupled the valuation of my company for my investors and me, you know, so is it expensive?”
Chris Marentis Aug 16, 2022 ▶ 12:46 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022 negative
Opinion
Morentis: Debt warrants should generally be avoided unless terms and partner fit
“For me personally, I would rather not give up the warrants, you know You know cause you know, I mean, the whole purpose of debt is that you that you try to limit, you know, but it depends on how big the warrants are and what kind of a partner it is. I wouldn't…”
Chris Marentis Aug 16, 2022 ▶ 9:55 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022 neutral
Assertion Supported
Morentis: Surefire Local Transitioned from Managed Services to Software
“We've been doing this for 10 years, and we also, a company, had to make a transition from managed services to now being a software company.”
Chris Marentis Aug 16, 2022 ▶ 1:34 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022 bullish
Prediction Not checkable as stated
Surefire Local will sustain 50%+ growth without raising new capital
“We'll be able to continue to grow, you know, above 50% without any other new capital.”
Chris Marentis Aug 16, 2022 ▶ 5:22 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022
Insight
Morentis: Venture debt should fund sales acceleration, not product development
“When you do that as an entrepreneur, you've got to be of the belief that the value creation you're going to be able to do, because again, the thesis here is that you're using that debt to really accelerate sale. You know, you're not using it for product develo…”
Chris Marentis Aug 16, 2022 ▶ 11:46 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022 bullish
Prediction Not checkable as stated
Surefire Local will exit 2022 at $30M ARR with 70% growth
“And we'll, and like I was telling you earlier, we'll exit this year about thirty million ARR, growing ARR at about 70%.”
Chris Marentis Aug 16, 2022 ▶ 4:49 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022 positive
Insight
Morentis: Founders should push debt payback periods as far back as possible
“I would move that payback period as far back as you can. Cause it, you know, it's sort of like a balloon loan for a home. All of a sudden you just going to owe, you know, a bunch of money and really as an entrepreneur, you just want predictability for as long …”
Chris Marentis Aug 16, 2022 ▶ 9:14 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022
Disclosure
Surefire Local holds $10M preferred equity stack after $6M cash raised
“We have, you know, about six million in, in cash that we raised. I acquired three companies along the way. So, you know, for all stocks, so, you know, a capital stack of around ten million in preferred.”
Chris Marentis Aug 16, 2022 ▶ 3:28 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
Aug 16, 2022
Disclosure
Surefire Local has raised approximately $10M in total debt
“Total right now about ten million.”
Chris Marentis Aug 16, 2022 ▶ 4:40 Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it
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