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VervoTech

8 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Sep 25, 2023 by Sanjay Ghare · said 14 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Nathan Latka (13), Sanjay Ghare (1)

tap a year for its mentions
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0112023episodes it came up in
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2023 14 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about VervoTech, oldest first

Sep 25, 2023 positive
Assertion Not checkable as stated
Ghare: VervoTech has 200+ paying customers powering 1,000+ websites globally
“So we have around 200 plus paying customers, which powers more than a thousand websites globally.”
Sanjay Ghare Sep 25, 2023 ▶ 8:38 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023 positive
Assertion Not checkable as stated
Ghare: VervoTech and Constellation finalized valuation terms in two days
“We closed all of the high level valuation numbers and everything, probably in a couple of days.”
Sanjay Ghare Sep 25, 2023 ▶ 16:28 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023 positive
Assertion Not checkable as stated
Ghare: VervoTech shared roughly 25% of annual profits with employees
“We had been always sharing the part of profit back to all the employees in the company... Typically, 25%, but it also depends on our cash flow because we are a bootstrap. So we just started it from two years.”
Sanjay Ghare Sep 25, 2023 ▶ 18:52 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023
Assertion Not checkable as stated
Ghare: VervoTech customer contracts average $16,000 per year
“So average right now would be around 16,000 dollars per year, but the customers pay between 12 to 100,000.”
Sanjay Ghare Sep 25, 2023 ▶ 5:53 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023
Disclosure
Ghare: VervoTech locked first customer into a seven-year fixed contract
“So what happens is we do increase the pricing, but this particular customer, you know, they had a seven-year-long contract, as an example, with no pricing. And in the early days when you really desperately wanted your customer, you do actually these kind of th…”
Sanjay Ghare Sep 25, 2023 ▶ 7:59 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023 positive
Assertion Not checkable as stated
Ghare: VervoTech maintained an EBITDA margin around 30%
“We try to operate around 30%... It's a EBITDA.”
Sanjay Ghare Sep 25, 2023 ▶ 20:30 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023 positive
Insight
Ghare: Constellation Software provides support while preserving acquired company autonomy
“And second thing is, they acquire company, they give you best practices, support, but they let you run things independently without any change in your culture, the way you operate, your brand, anything.”
Sanjay Ghare Sep 25, 2023 ▶ 11:59 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023 bullish
Assertion Not checkable as stated
Ghare: VervoTech grew 70% to 75% annually over two years
“So we had been, you know, growing around 70, 75% for last two years.”
Sanjay Ghare Sep 25, 2023 ▶ 8:58 This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
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