Cameron Avery highlights the market opportunity for enterprise channel management software platforms.
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“70% of all world trade goes through a channel.”
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More from Cameron Avery
AssertionNot checkable as stated
Avery: Elastic Digital operated profitably for 16 years without outside investment
“And then we grew, we were profitable for six, for 16 years. So no investment, not, definitely not the Silicon Valley way.”
Cameron AverySep 11, 2018▶ 4:581144 Why I sold my profitable, bootstrapped $5.5m ARR company
AssertionNot checkable as stated
Avery: Elastic Digital reached $5.5M in revenue with one salesperson
“I personally was the only salesperson and we grew it to about, I think it was 5.5 million USD.”
Cameron AverySep 11, 2018▶ 5:151144 Why I sold my profitable, bootstrapped $5.5m ARR company
Insight
Avery: Selling control and joining an acquirer is like a divorce
“Any CEO that gives away control that goes into another organization, like you go through, it's like a divorce, you know, you're angry, you're miserable.”
Cameron AverySep 11, 2018▶ 11:311144 Why I sold my profitable, bootstrapped $5.5m ARR company
What-if
Avery: Raising venture capital could have accelerated growth much faster
“Maybe take venture capital. I don't know. It's, it was hard. Bootstrapping was fun, but I could have accelerated a lot quicker.”
Cameron AverySep 11, 2018▶ 14:391144 Why I sold my profitable, bootstrapped $5.5m ARR company
AssertionNot checkable as stated
Avery: Elastic Digital generated roughly 30% profit margins
“No, no, we were making a really healthy profit. I think we were making 30% profit, which was great.”
Cameron AverySep 11, 2018▶ 5:381144 Why I sold my profitable, bootstrapped $5.5m ARR company
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