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Matt Weirich

9 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement May 12, 2021 by Matt Weirich · across every show →

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

Everything said about Matt Weirich, oldest first

May 12, 2021
Assertion Not checkable as stated
Weirich: $22M Valuation Was the High End in October 2020
“The, that was actually the high end of the valuations that we were getting in the thick of it, obviously. So we did that round. We closed it in October of last year. And so we weren't at 4.5 yet at that point.”
Matt Weirich May 12, 2021 ▶ 22:29 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021
Assertion Supported
Weirich: RealLink Raised $330k Friends & Family in 2013, $1.1M Seed in 2016
“So we did a friends and family round of funding End of 20 13, I believe it was we raised a 130,000. So very small. One 30. 330. So we made that stretch much longer than it should have. And we didn't do a formal seed round of funding until 2016 when we did a 1.…”
Matt Weirich May 12, 2021 ▶ 10:35 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021 bullish
Assertion Not checkable as stated
Weirich: RealLink grew from $1M to roughly $4.5M ARR in 2020
“So we actually hit one million ARR in January of twenty-twenty. Which was a huge milestone for us. And then we ended the year at 4.5 ish, give or take.”
Matt Weirich May 12, 2021 ▶ 15:58 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021 negative
Insight
Weirich: Usage-based pricing led customers to minimize platform usage
“Early on when we launched our company, we actually charged based on usage. And what we found very quickly was that the only result that drove was teams trying to minimize their usage.”
Matt Weirich May 12, 2021 ▶ 5:20 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021 neutral
Disclosure
Weirich: RealLink was founded from consumer frustration, not real estate experience
“I actually don't have a formal background in real estate or anything like that. It was more of the consumer pain point that drove me to start the business. I was moving from Purdue university up to Chicago, about a two to three hour drive, not terribly far, bu…”
Matt Weirich May 12, 2021 ▶ 2:27 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021 neutral
Disclosure
RealLink: Average property pricing is around $325 per month
“So the average price point for Relink is right around that three 25 per month. And that's unlimited live video tours, pre-recorded video tours, cloud storage, integrations, all of that.”
Matt Weirich May 12, 2021 ▶ 4:44 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021
Disclosure
Secondary liquidity comprised two-thirds of RealLink's recent funding transaction
“So out of the twenty two million valuation, secondary was probably call it two thirds.”
Matt Weirich May 12, 2021 ▶ 21:01 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021 bullish
Disclosure
Weirich: RealLink targets $8M ARR for 2021
“The goal's eight.”
Matt Weirich May 12, 2021 ▶ 16:52 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
May 12, 2021
Disclosure
RealLink raised $16M at a $22M valuation from Susquehanna Growth Equity
“About 16 out of 22.”
Matt Weirich May 12, 2021 ▶ 21:19 Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner
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