Single Grain

10 statements across 2 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Jan 31, 2016 by Eric Siu · said 8 times in 2 episodes since 2016 · across every show →

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brought up most by Nathan Latka (5), Eric Siu (3)

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Everything said about Single Grain, oldest first

Jan 31, 2016
Disclosure
Siu became CEO of struggling agency Single Grain around 2014
“I took over the business around two years ago, so I'm not the original founder. It was a struggling business”
Eric Siu Jan 31, 2016 ▶ 1:31 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016
Assertion Not checkable as stated
Siu: Single Grain Did $140K MRR With -$27K Net Profit at Takeover
“The company at the time was doing, let's see, one, about 140 K in MRR, but here's the thing, right? We were actually, that year we were negative. So on the, you know, let's look at the negative cash plan on, on net income. Negative. Yeah. Negative net profit. …”
Eric Siu Jan 31, 2016 ▶ 3:27 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016 positive
Disclosure
Siu acquired the remaining ownership of Single Grain for two dollars
“We worked out a deal where at the end of the day, out of pocket, out of my own pocket, I paid two dollars for the company.”
Eric Siu Jan 31, 2016 ▶ 2:42 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016
Disclosure
Siu: Takes a $55,000 annual salary from Single Grain
“Just from the business, my salary right now is only 55 K.”
Eric Siu Jan 31, 2016 ▶ 6:54 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016
Disclosure
Siu: Single Grain receives a 25% lifetime referral fee on clients
“Yeah, so we get, ah, we get 25% of, you know, the lifetime revenue of the client.”
Eric Siu Jan 31, 2016 ▶ 6:16 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016
Disclosure
Siu: Channels $20K monthly from Single Grain into Care Sprout
“So I mean, we're the money that's being siphoned into the new business right now is about 20 K a month.”
Eric Siu Jan 31, 2016 ▶ 7:02 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016
Assertion Not checkable as stated
Siu: Single Grain generates $60K to $65K in monthly recurring revenue
“We are actually around 60, around 65 ish MRR, but the referral side is what's growing right now.”
Eric Siu Jan 31, 2016 ▶ 5:42 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016
Disclosure
Siu funded the $150K founder buyout using Single Grain's own revenue
“The buyout was actually about a 150 K, but that was paid out by the company's, you know, revenue. So it wasn't coming out of my pocket.”
Eric Siu Jan 31, 2016 ▶ 2:58 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Jan 31, 2016 positive
Assertion Not checkable as stated
Single Grain generates $30,000 monthly recurring revenue from agency referral fees
“We've kind of started going in a direction of becoming a referral agency where we're giving business to other agencies and we're collecting a recurring income. So that's been continuing to grow in the last eight months. And then the monthly recurring revenue o…”
Eric Siu Jan 31, 2016 ▶ 1:54 How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
May 12, 2023
Disclosure
Siu: Single Grain agency spends $60k to $70k monthly on internal content
“Our content process, we're spending like 60 to 70 grand a month on our stuff internally at Single Grain, I believe.”
Eric Siu May 12, 2023 ▶ 17:34 SaaS SEO Shortcuts That Drive $10M+ ARR, Building A Media Moat, & More!
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