Len Rio

7 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Apr 4, 2021 by Len Rio · across every show →

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

Everything said about Len Rio, oldest first

Apr 4, 2021 positive

Disclosure

Ativo Group is fully bootstrapped without outside venture capital

“It's a hundred percent bootstrapped.”

Len Rio Apr 4, 2021 ▶ 14:36 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Apr 4, 2021 neutral

Prediction Not checkable as stated

Ativo Group projects approximately $3.6 million in 2021 revenue

“We'll probably do 3.6, I would think.”

Len Rio Apr 4, 2021 ▶ 9:59 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Apr 4, 2021 positive

Disclosure

Ativo Group currently generates about 60% of its income as recurring revenue

“We're about 60% there. We need to get to say, 80, 90% recurring revenue without any large, without any one large customer being, you know, the driving force behind that number.”

Len Rio Apr 4, 2021 ▶ 13:20 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Apr 4, 2021

Insight

Learning a new ERP product requires three to four years and $500,000

“Starting from zero and trying to learn a new ERP product is a long, long road. It's a good three, four years. And Half a million dollars of learning. So it's a lot easier to acquire.”

Len Rio Apr 4, 2021 ▶ 11:22 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Apr 4, 2021

Disclosure

Ativo Group's largest single customer accounts for up to $700,000 annually

“Probably Six, 700,000 a year.”

Len Rio Apr 4, 2021 ▶ 13:37 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Apr 4, 2021 neutral

Disclosure

Ativo Group operated at roughly breakeven EBITDA on $3.8 million revenue

“It was basically break even.”

Len Rio Apr 4, 2021 ▶ 14:02 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Apr 4, 2021 neutral

Assertion Supported

SAP Business One has approximately 700 to 800 global resellers

“There's approximately 700 or 800 SAP resellers for the product line that we work with around the globe.”

Len Rio Apr 4, 2021 ▶ 10:53 He Makes $4m Selling Other Peoples Software, Inside The Head of A Power Reseller

Len Rio

Everything said about Len Rio, oldest first

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