Golf Genius

“And then they came back in 2019 and said, Hey, we also want you to build the new handicap system. There was a new worldwide standard for handicapping, and we want you to build that. And operate it.”

“One is international, where, although we're in 62 countries it's hand-to-hand combat in each of these countries.”

“From two or nine to 20 20, I find I funded the company with about ten million dollars, my own money, mostly is debt.”

“My strategy is earn 20% and invest the rest. So we consistently earn about 20% EBITDA margin, invest the rest.”

“We probably have six, seven percent attrition, including in Romania for developers.”

“So our list price, which we stick very close to at a private club today is about 4200 dollars per year for essentially unlimited use of the product for up to, ah, two 18 hole golf facilities.”

“One other thing I would say is at 300 people, we're still totally virtual. We have no offices.”

“I mean, millions of people at this point have our mobile app.”

“It took us eight years to get to a 1,000,008 more years to get to fifty million.”

“So Golf Genius is the leading provider of tournament software to golf Clubs, private clubs, public courses, tours, associations.”

“We only raised eleven million bucks.”

“It's actually fourteen million in cash. Like, what the hell are we doing sitting on fourteen million in cash? It can fund acquisitions. We've done 10 acquisitions.”

“Yeah, more like 54, fifty three million.”

“We're in 11,000 courses, so we're pretty, plus we do lots of other things, but it's certainly the most inexpensive software that club will have because they also need software to, you know, do their point of sale, to manage their T-sheet, to do their website, …”

“It's been, the company's been profitable since 2017. I'd like to say we have more cash on our balance sheet than all the money we've ever raised.”

“We will not hit the rule of 40 this year.”

“We are a platform. I mean, we have over a hundred companies interfaced our software through our APIs.”

“It's probably the largest pure play golf software company in the industry.”

“Disappointment to me in 20, 25 was they didn't do any acquisitions. We looked at some, but we couldn't get together on, on price.”

“Let's say me and the other seniors own 30%, 40%.”