Texty
2 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 28, 2023 by Chris Federspiel · said 2 times in 1 episodes since 2023 · across every show →
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brought up most by Chris Federspiel (2)
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2023 2 mentions in 1 episode
Everything said about Texty, oldest first
Apr 28, 2023
Blackthorn paid Texty's $2M acquisition balance over 24 months from cash flow
“The other two million were to be paid over 24 months, which we paid over our own cash flow. And they were going to be incrementing payments. So they started small, and then they grew with the size of our company, and they agreed with that.”
Apr 28, 2023
Blackthorn acquired Texty for $3.25M using debt for the down payment
“So, we were at 550 K ARR. I said, hey, you know, what do you guys want to sell this thing for? They said six X, and I said, okay, that sounds fair. So it ended up being like three and a quarter million. And so we did 1.2 million down payment. We didn't have th…”