Jason Andrew
6 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Oct 10, 2022 by Jason Andrew · across every show →
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Oct 10, 2022 neutral
Limelight generated nearly $12M revenue at acquisition, 50% services
“We were then, you know, acquired, we were doing about almost twelve million in 20, 21 on our way to about nineteen million. And so, you know, we were having some growth, but we had about 50% of that was services revenue. The other 50% was recurring ARR.”
Oct 10, 2022 neutral
Oct 10, 2022 positive
Oct 10, 2022 positive
Oct 10, 2022 neutral
Limelight pivoted at 13 employees for a $1M enterprise contract
“And we had 13 people in the company at the time. And we really decided if we do this, we're going to have to take our baby, which we just built, put it out on the doorstep in the rain, ignore it and go all in on this insurance carrier, which is going to pay us…”
Oct 10, 2022 neutral
Limelight sold because scaling its immature product independently was unviable
“And then I started doing a ton of market research, assessing the risk and realize again that we had a very immature product and looking at the competition that just the life cycle for us to be able to scale to the next level and get where we thought we were go…”