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JP Quiry

13 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Mar 31, 2021 by JP Quiry · across every show →

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

Everything said about JP Quiry, oldest first

Mar 31, 2021
Disclosure
Quiry slashed NinjaOutreach revenue by a third by firing SEO clients
“And so day one, I fired all the SEO clients, which was a third of revenue. And so we went from 50 to 40 on day one.”
JP Quiry Mar 31, 2021 ▶ 5:32 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021
Disclosure
Quiry sourced the NinjaOutreach acquisition via Baremetrics' Open startups page
“Before Josh sold bare metrics and they probably still have, they have this open page, right? And on that page, they display SAS businesses and their revenue. And I just started contacting the ones that I felt were interesting. And Ninja outreach was one of the…”
JP Quiry Mar 31, 2021 ▶ 4:29 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021 positive
Assertion Not checkable as stated
Quiry sold NinjaOutreach for more than double his $1.2M purchase price
“I just don't remember, but it was more than double than what I paid.”
JP Quiry Mar 31, 2021 ▶ 13:18 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021 positive
Assertion Not checkable as stated
Flippa's CEO brokered Quiry's handshake sale of NinjaOutreach in 48 hours
“The CEO saw the deal, saw that it was the most popular deal on Flippa in terms of watchers, traffic, and eyeballs. Picked up the phone to, I guess an outfit called TCM that was actively buying deals. And I guess they had communicated and already done a big dea…”
JP Quiry Mar 31, 2021 ▶ 15:35 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021 neutral
Disclosure
Quiry structured early SaaS acquisitions as all-cash with $200,000 holdbacks
“In all of my early deals, it was all cash up front there. There was a 200,000 dollar hold back for six months. That's it.”
JP Quiry Mar 31, 2021 ▶ 10:12 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021
Assertion Not checkable as stated
Quiry says NinjaOutreach only needed one of its three original developers
“It had three developers when I acquired it. It turned out it only actually needed one. And so two of them left on their own accord.”
JP Quiry Mar 31, 2021 ▶ 6:59 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021 negative
Insight
Quiry argues SaaS founders do not need brokers charging 15% exit fees
“If someone has the capability to start and grow a SaaS company, there are outlets like Flippa that don't require you to go spend 10 or 50% of your initial eventual outcome on a fee. Absolutely unnecessary, in my opinion, for everybody. Some people need it. Som…”
JP Quiry Mar 31, 2021 ▶ 15:12 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021
Assertion Not checkable as stated
Quiry took one year from cold email to acquiring NinjaOutreach
“About a year.”
JP Quiry Mar 31, 2021 ▶ 5:07 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021 neutral
Disclosure
Quiry paid $1.2 million to acquire NinjaOutreach in 2018
“I paid 1.2.”
JP Quiry Mar 31, 2021 ▶ 10:01 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021
Disclosure
Quiry avoids acquiring SaaS businesses with over 5% customer revenue concentration
“And so I don't like any customer who accounts for more than two to five percent of revenue.”
JP Quiry Mar 31, 2021 ▶ 6:37 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021 positive
Opinion
Quiry names Flippa and Andrew Wilkinson's platform as top deal-sourcing sites
“My favorite two are without a doubt Flippa and Andrew's new play.”
JP Quiry Mar 31, 2021 ▶ 4:09 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021
Disclosure
Quiry requires SaaS acquisition targets to be at least three years old
“When you buy a company like I do, that's at least three years old. It's one of my prerequisites. You really don't have to do much to just keep it running, right?”
JP Quiry Mar 31, 2021 ▶ 8:47 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
Mar 31, 2021
Disclosure
Quiry launches $25 million SaaS acquisition fund Silver Tsunami
“I started a fund called Silver Tsunami. We're raising twenty-five million dollars. I picked up 500,000 of that actually right before this call from a new investor.”
JP Quiry Mar 31, 2021 ▶ 17:10 How To Acquire A SaaS For $1.2m, Flip for $2.4m Quickly
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