Pete Catoe

7 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Jul 11, 2019 by Pete Catoe · across every show →

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

Everything said about Pete Catoe, oldest first

Jul 11, 2019

Assertion Not checkable as stated

Software and recurring services account for 90% of ECRS revenue

“Yeah, there's professional services in there, there's hardware sales in there, but most, about 90% of it is software and software licenses and services.”

Pete Catoe Jul 11, 2019 ▶ 5:34 1447 $30m ARR Company Is POS For 4000 SMB's

Jul 11, 2019 positive

Disclosure

Pete Catoe plans to transition his 100% ECRS ownership to an ESOP

“Right now I own the company. I own a hundred percent of it. And but we're going to be shifting to an ESOP over the next 24 months.”

Pete Catoe Jul 11, 2019 ▶ 15:03 1447 $30m ARR Company Is POS For 4000 SMB's

Jul 11, 2019 neutral

Assertion Not checkable as stated

ECRS customer acquisition costs run around 25% of initial contract value

“I think our sales calls are probably running around 25%, you know, to sign a customer up.”

Pete Catoe Jul 11, 2019 ▶ 11:00 1447 $30m ARR Company Is POS For 4000 SMB's

Jul 11, 2019

Disclosure

Pete Catoe bootstrapped ECRS to $30M ARR with $7,000 in capital

“The company was bootstrapped. I think we started with like 7000 dollars.”

Pete Catoe Jul 11, 2019 ▶ 6:12 1447 $30m ARR Company Is POS For 4000 SMB's

Jul 11, 2019 bullish

Prediction Not checkable as stated

Pete Catoe predicts ECRS will reach $100 million ARR by 2024

“I think it's going to be, it's going to take us over the next five years. We will hit a hundred million.”

Pete Catoe Jul 11, 2019 ▶ 13:39 1447 $30m ARR Company Is POS For 4000 SMB's

Jul 11, 2019 positive

Disclosure

The ECRS employee stock ownership plan will initially own a 30% stake

“We'll probably move to a 30% ownership where they'll have 30%. And so the ESOP will own 30% of ECRS and all the employees will, as we grow the value of the company together, of course their shares will grow as well. So they'll start at 30%, but it'll go furthe…”

Pete Catoe Jul 11, 2019 ▶ 16:32 1447 $30m ARR Company Is POS For 4000 SMB's

Jul 11, 2019

Assertion Not checkable as stated

ECRS has 4,000 customers and generates $30 million in annual revenue

“So our company, we have around 4000 cut customers. We generated around thirty million a year.”

Pete Catoe Jul 11, 2019 ▶ 4:57 1447 $30m ARR Company Is POS For 4000 SMB's

Pete Catoe

Everything said about Pete Catoe, oldest first

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