Companion Cabinet

“It was probably about say an average transaction was probably two 50 to 300 grand on prem and then in the cloud. Yeah. And the cloud, it would have converted over a three year horizon for the equivalent of, you know, call it 75 grand a year or something like t…”

“And one of the terms that I learned from a Lawyer friend of mine here in Charlotte was this idea of the required holders and the required holders and the operating agreement was written in with my name on it. And so every investor and member manager position, …”

“I went three years with no, Hey, I sold everything from my Ernst & Young career houseboat, everything. Use that to start the business and actually had to supplement with some commercial acting here and there to make it work.”

“When I say taken back private, I mean, my partner, my co-founder wanted to own the business ultimately as a lifestyle. So it was taken back during the market crash in a private scenario that he now owns that business and takes it forward under a new name that …”

“No, we were closer to about 10.”

“So that started in the late nineties. Mostly on premise. And then in oh eight, when Amazon just started showing its creds in the cloud is when we actually converted over the market crash of 2008 and nine. And that's how we ultimately became a SaaS company.”

“If you raise capital when you need it doesn't, it turns out that you're not going to get a really good deal. If you have a large sales backlog and an exciting story, which we had, then we could kind of set the terms in our operating agreement.”

“It's about fifteen million.”

“So this would have been, it was probably about 60 to 70 SMB mid market. And then we were strategic advisors and had a customer with Lowe's and some of the bigger pro build and home building supply companies.”

“Because when you exit a company and pieces of the technology at Companion Cabinet were taken private, there were agreements that were made of, Things that I can talk about and things that I can't. Some of that technology went deep into large lumber yards”

“Probably around 25%.”