Savneet Singh

19 statements across 3 episodes · 6 bullish · 3 bearish · 1 people on the record · first statement May 16, 2023 by Savneet Singh · said 1 times in 1 episodes since 2024 · across every show →

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

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Everything said about Savneet Singh, oldest first

May 16, 2023
What-if
Singh: PAR Turnaround Would Not Have Been Easier Taking Company Private
“So I thought about that a lot, and I actually think the answer would be no, and I'll tell you why. The operational changes were extreme. We replaced almost the entire management team, you know, we shipped a bunch of jobs offshore, did a lot of crazy stuff, but…”
Savneet Singh May 16, 2023 ▶ 17:13 How I'm transforming a $1b+ publicly traded company into SaaS and why
May 16, 2023
Assertion Supported
Singh: PAR Raised $80M Convertible Debt on ~$200M Market Cap
“To give you an example, you know, the market cap of the company when we took over was a couple hundred million dollars. Our first financing was eighty million dollars. That's very hard to do privately in a convert,”
Savneet Singh May 16, 2023 ▶ 17:28 How I'm transforming a $1b+ publicly traded company into SaaS and why
May 16, 2023 neutral
Assertion Partly supported
Singh: PAR Technology had $180M revenue but only $5M in software revenue
“Oh, so the business, I think, was a 180 hundred million of revenue, but only five million of software revenue, so it was really a hardware and services business that was growing, trying to become a software business”
Savneet Singh May 16, 2023 ▶ 5:48 How I'm transforming a $1b+ publicly traded company into SaaS and why
May 16, 2023
Insight
Singh: Company Values Must Repel Mismatches Rather Than Fit Everyone
“When you have 10 values, I challenge you to find, you know, find a Silicon Valley company whose values you're like, I wouldn't fit. Like, you're gonna fit, because you're like, eight or 10 of those are like, sound like me. And we wanted to be, like, incredibly…”
Savneet Singh May 16, 2023 ▶ 19:08 How I'm transforming a $1b+ publicly traded company into SaaS and why
May 16, 2023
Assertion Not checkable as stated
Singh: PAR Had -60 NPS and 40% SaaS Gross Margins at Takeover
“The product we took over, you know, I mentioned that the customer NPS was -60, because there's a lot, there was a stability issue. We were a software company that had 40 versions, so it's like we were cloud, but we weren't really cloud. We, you know, our gross…”
Savneet Singh May 16, 2023 ▶ 17:36 How I'm transforming a $1b+ publicly traded company into SaaS and why
Jul 23, 2024 neutral
Assertion Partly supported
Singh: US restaurant unit growth now comes from stadiums and EV stations
“Restaurants are no longer growing in the United States, right? It's like we're over retail, we're over restaurant. And so the growth of the units of restaurants is now in stadiums. It's in convenience stores. EV charging stations. It's not going to be the net …”
Savneet Singh Jul 23, 2024 ▶ 7:38 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024 positive
Disclosure
Singh: PAR Acquired Punchh for $500M Using Overvalued Stock
“We went out, we bought a half a billion dollar business called Punch, that's based here in Austin now, and we started using our stock because we thought it was very inflated, and so it was the greatest we ever did, because it built, it gave us tremendous scale…”
Savneet Singh Jul 23, 2024 ▶ 5:18 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024 bullish
Assertion Partly supported
Singh: PAR Won a Single Deal Worth $23M in Annual ARR
“When we started the company, our ARR, sorry, when we took over the company, our ARR was less than ten million bucks. You know, three months ago we won a deal that was twenty-three million dollars of ARR with one customer a year.”
Savneet Singh Jul 23, 2024 ▶ 11:18 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024 positive
Assertion Supported
Singh: Punchh Had $30M Revenue and Better Retention Than PAR
“We bought another thirty million dollar business for five hundred million dollars that was growing faster, had better retention, and for 25% of our value. So it's like a great deal.”
Savneet Singh Jul 23, 2024 ▶ 5:45 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024 negative
Insight
Singh: Functional Org Charts Mistakenly Distance Enterprise Software Leaders from Customers
“In enterprise software, I think, you know, one of the biggest mistakes CEOs do is you get really big, you get farther and farther from your customers. You create org charts that are completely functional, where you have one CRO, one CPO, so on and so forth. An…”
Savneet Singh Jul 23, 2024 ▶ 7:19 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024 neutral
Insight
Singh: Market selection determines whether effort yields $10M or $100M
“Your careers are oftentimes built off of picking the right end market. You can spend, you can see really, really smart people banging their heads trying to build a ten million dollar revenue business, where if they put their efforts into, like, a different ind…”
Savneet Singh Jul 23, 2024 ▶ 2:23 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024 positive
Insight
Singh: Platform software products are vastly more durable than single vertical solutions
“Because the platform product is way more durable than the single vertical product. And the single biggest problem people make in investing and starting companies is they think they, because they get a lot of great feedback from their customers because they're …”
Savneet Singh Jul 23, 2024 ▶ 19:28 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jul 23, 2024
Insight
Singh: Founders Must Model Debt Against Worst-Case Scenarios, Not Base Cases
“What I would encourage you to think about is, what is the worst case scenario for my business? The true worst case. And then model out, can you support the debt under that worst case, and then that's how you should figure out how you should take on debt. You s…”
Savneet Singh Jul 23, 2024 ▶ 20:57 39 Year Old Public SaaS CEO Doubles Revenue to $400m Over the Last 24 Months - His Genius M&A Playbook
Jan 14, 2025 neutral
Assertion Partly supported
Singh: 20-Year Public SaaS Median Multiple is 5.5x to 6x NTM Revenue
“The long-term SaaS index for literally 20 years, since SAP and Oracle started disclosing their recurring revenues, has always been around five and a half to six times the XTM revenue. That is the median of the public companies.”
Savneet Singh Jan 14, 2025 ▶ 16:16 NYSE: PAR CEO Savneet Singh Shares How He Great from $200m/yr to $400m/yr
Jan 14, 2025 negative
Assertion Not publicly verifiable
Singh: PAR's 2018 Market Cap Was Lower Than Its 1982 IPO
“We were when we stepped in to run the company in 2018, the market cap of the company, which is the value of the company, was lower than when we went public in 1982. So for 40 years, we had no shareholder value creation.”
Savneet Singh Jan 14, 2025 ▶ 6:16 NYSE: PAR CEO Savneet Singh Shares How He Great from $200m/yr to $400m/yr
Jan 14, 2025 positive
Assertion Partly supported
Singh: PAR Grew Revenue 25% Annually With Flat OpEx for Two Years
“We haven't grown our operating expenses in almost two years, yet we've grown our revenue, you know, 25% a year over those periods of time, so well over doubled”
Savneet Singh Jan 14, 2025 ▶ 5:21 NYSE: PAR CEO Savneet Singh Shares How He Great from $200m/yr to $400m/yr
Jan 14, 2025 negative
Insight
Singh: Selling Founders Should Assume Median Valuation Multiples at Best
“If you're building your company to be sold you should go in assuming that you're going to get the median multiple at best. You don't go in assuming you're getting a 10, or 20, or 30.”
Savneet Singh Jan 14, 2025 ▶ 15:46 NYSE: PAR CEO Savneet Singh Shares How He Great from $200m/yr to $400m/yr
Jan 14, 2025 neutral
Assertion Not checkable as stated
Singh: The Average Restaurant Runs on 20 to 40 Software Products
“If you go into the average restaurant, you'll be shocked how many individual products run that restaurant. It's upwards of 20, 30, 40 sometimes.”
Savneet Singh Jan 14, 2025 ▶ 3:25 NYSE: PAR CEO Savneet Singh Shares How He Great from $200m/yr to $400m/yr
Jan 14, 2025 positive
Assertion Partly supported
Singh: PAR Grew Software Revenue from $5M to Over $250M
“When we took over the company, the revenues were about one 71 80, and they were five million dollars of software revenue, 165 of hardware and services. Where today will be, you know, whatever, four 50 of revenue, but two 52 60 will be software. The software's …”
Savneet Singh Jan 14, 2025 ▶ 4:38 NYSE: PAR CEO Savneet Singh Shares How He Great from $200m/yr to $400m/yr
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