Derek O'Connell

6 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Apr 18, 2022 by Derek O'Connell · across every show →

On the record as a speaker too: Derek O'Connell's record, appearances and statements → this page counts the times other people say the name.

Everything said about Derek O'Connell, oldest first

Apr 18, 2022 bullish

Assertion Partly supported

Brightpearl's revenue grew from $12.8M in 2019 to $30M in 2021

“Yeah, we ended 2019 at 12.8. Then the next year, 2020 went to eighteen million. So that was about 39, 38% growth. And then in 21, just gone, we got to thirty million, which was 63% growth year over year.”

Derek O'Connell Apr 18, 2022 ▶ 1:49 The Math Behind the $360m Sage Paid to Acquire BrightPearl

Apr 18, 2022 neutral

Disclosure

Brightpearl executed an internal down round to top up employee option pool

“We did do a down round, like in terms of a revalue of bride pro we had to, and the primary driver of that was to ensure that we could top up the option pool for the employees and make sure that they all came along for the ride and every share was equal.”

Derek O'Connell Apr 18, 2022 ▶ 5:25 The Math Behind the $360m Sage Paid to Acquire BrightPearl

Apr 18, 2022 neutral

Assertion Supported

Brightpearl's team owned just over 16% of the company after Series C

“It was just over 16%, just over like clean.”

Derek O'Connell Apr 18, 2022 ▶ 8:56 The Math Behind the $360m Sage Paid to Acquire BrightPearl

Apr 18, 2022 neutral

Disclosure

Brightpearl paid a 3.1x revenue multiple to acquire Inventory Planner

“The multiple that we paid cause they were pre-scale. Was around about 3.1 times 3.1 revenue because they were subscale and they were technology only team”

Derek O'Connell Apr 18, 2022 ▶ 3:25 The Math Behind the $360m Sage Paid to Acquire BrightPearl

Apr 18, 2022 neutral

Disclosure

Inventory Planner buyout was 70% cash upfront, 30% for technical remediation

“No, it was 7030 because the remediation list was very small. It was a known, you know, it's just pretty tight, well-written code base. So yeah, 7030.”

Derek O'Connell Apr 18, 2022 ▶ 4:37 The Math Behind the $360m Sage Paid to Acquire BrightPearl

Apr 18, 2022 positive

Assertion Not checkable as stated

Inventory Planner grew from $2.4M to $4.5M in revenue during acquisition

“So that business is growing at 70%. When we sent in the LOI, the letter of intent we have, we obviously had them growing at 70%. They were on revenue at 2.4. They ended the year at four, 4.5.”

Derek O'Connell Apr 18, 2022 ▶ 3:08 The Math Behind the $360m Sage Paid to Acquire BrightPearl

Derek O'Connell

Everything said about Derek O'Connell, oldest first

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