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RambleChat

8 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jun 24, 2021 by Justin McDonald · said 8 times in 1 episodes since 2021 · across every show →

Mentions by year

brought up most by Nathan Latka (6), Justin McDonald (2)

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2021 8 mentions in 1 episode

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Everything said about RambleChat, oldest first

Jun 24, 2021
Assertion Not checkable as stated
McDonald: Terminus Acquired RambleChat at Over 10x Revenue Multiple
“I can't disclose that, but I can say the multiple was over 10 X. The 10 X revenue multiple.”
Justin McDonald Jun 24, 2021 ▶ 8:07 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021
Assertion Not checkable as stated
McDonald: RambleChat operated close to breakeven in 2019
“We were not profitable. Pretty close to breakeven.”
Justin McDonald Jun 24, 2021 ▶ 6:37 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021 neutral
Assertion Not publicly verifiable
McDonald: RambleChat raised an additional $250k in early 2019
“We raised an additional 250 K in 2000, early 2019.”
Justin McDonald Jun 24, 2021 ▶ 4:47 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021
Assertion Not checkable as stated
McDonald: RambleChat had 50 to 100 customers in 2019
“I would say it's less than a hundred, more than 50. How's that? 50 to a hundred.”
Justin McDonald Jun 24, 2021 ▶ 6:46 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021 neutral
Assertion Partly supported
McDonald: Terminus acquired RambleChat on April 6, 2020
“April six, 20, 20.”
Justin McDonald Jun 24, 2021 ▶ 1:30 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021
Assertion Not checkable as stated
McDonald: RambleChat had around 10 employees at 2020 acquisition
“Right around 10. We stayed fairly steady.”
Justin McDonald Jun 24, 2021 ▶ 6:17 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021 negative
Opinion
McDonald: RambleChat's Founding Technologists Lacked Go-to-Market Skills
“So I think that they were great technologists. They were great architects, but they didn't really understand the go to market motion and how to launch something.”
Justin McDonald Jun 24, 2021 ▶ 2:26 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
Jun 24, 2021
Assertion Not checkable as stated
McDonald: RambleChat averaged around $15k ACV in 2019
“It was right around probably 15 K ARR.”
Justin McDonald Jun 24, 2021 ▶ 5:54 Why RambleChat Sold to Terminus Last Year at 10x Valuation Multiple
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