Insight
Tryba: Horizontal operations enable 50% to 70% net margins in SaaS
“And oftentimes, you know, you can do, you know, anywhere between 50 and 70% net margin a lot of these businesses because of the fact that you're kind of running them horizontal.”
Insight
Tryba: Founders have 15 years before lifestyle and family catch up
“Cause you really only have 15 years or so to be a founder. Cause at some point, you know, you're sick of eating ramen noodles and you got kids and all that other good jazz that catches up.”
Insight
Tryba: Founders know within three years if a startup will hockey stick
“Within that three, that first three years of you starting the company, you kind of know at that point whether or not that hockey stick's going to occur or whether it's not going to occur.”
Disclosure
Tryba: Think3 lets acquired founders take staff after a 100-day handover
“A part of this Think Three model is actually enabling the founder to take his team with him. Right. Or as much as his team as he would want. Now, obviously, you know, within the first hundred days, we do a pretty extensive knowledge transfer system where we do…”
Assertion Supported
Tryba: Cowboy Ventures study found 90% of unicorns never pivoted
“Kind of back towards that same Cowboy Ventures analysis, 90% of those unicorns never pivoted.”
Disclosure
Tryba: Think3 does not require target companies to be growing or profitable
“Now, it doesn't actually have to be growing at some percentage and also doesn't really have to be profitable, because what we really do is we take that team and we use kind of our horizontal core You know competencies to have a shared engineering or share fina…”
Disclosure
Tryba: Think3 buys software companies to run for 10-20 years, not flip
“When we buy these companies, we're not buying it to shine it up, throw some debt on it, and try to go find a buyer. We're buying companies that we feel that we can run for the next decade or two”
Disclosure
Think3 wins deals by paying cash and closing in 30 days
“And that's one of the, we win a lot of deals because we are all cash and then we close in 30 days, right? I mean, it's a fast cycle. You know, we don't do you know, we don't throw a lot of these guys through these crazy processes and what have you that takes t…”
Disclosure
Andy Tryba: Think3 is a $1B fund giving SaaS founders another shot
“Think Three is a billion dollar fund specifically designed to give SaaS founders another chance to get another shot on goal, right?”
Assertion Partly supported
Tryba: Cowboy Ventures data shows 90% of unicorn teams worked together previously
“And if you look at a lot of unicorns, for example, something that cowboy ventures did analysis on, you know, they 90% of those teams that actually worked together in the past and the average founder age is actually 34.”
Disclosure
Tryba: Think3 targets SaaS companies with $3M+ ARR and 80%+ retention
“We look for definitely ARR you know, north of, You know, three million, ideally in the five to ten million. And then we also look for a gross retention of at least 80%, and what that simply tells us is you have something that's sticky, right?”
Disclosure
Tryba stack-ranks priorities and has an assistant enforce exact weekly hours
“I then just stack rank my priority for the quarter, and then I then stack rank my priority for the month, and then I apply percentages of the week that I basically would apply to each one of them, and then I calculate that times the number of hours, and then m…”
Assertion Partly supported
Tryba: ESW acquired Jive Software for $450M using small debt
“You know, we use a small amount of debts on some of the larger deals within ESW. You know, I think we did Jive software last year for whatever it was, a four hundred and fifty million dollars or whatever. So, so sometimes in those scenarios, we will leverage t…”
Assertion Supported
Tryba: ESW Capital has completed 65 deals over the last decade
“We're actually a part of ESW Capital, and ESW Capital, we've done 65 deals over the last decade or so, so we come with a lot of operational experience”
