Goodwin: Reviews.io would turn down $250M cash buyout from Yotpo
Tom Goodwin · Reviews.io Breaks $10m ARR Bootstrapped, Growing 150% YoY · Aug 16, 2021 · at 14:57
Tom Goodwin, COO of bootstrapped Reviews.io, discusses whether the company would accept a high-multiple acquisition offer from venture-backed competitor Yotpo.
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“Absolutely.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Tom Goodwin
Goodwin: Reviews.io uses 30-day subscriptions while competitors lock customers in
“We're very much a non-contracted rolling, thirty-day subscription where some of our competitors are very fixed contract, you know, sort of three, five years, lock in, very hard to get out of.”
Goodwin: Reviews.io generates over $800k in monthly recurring revenue
“Yeah, probably a little bit more than that, yeah.”
Goodwin: Reviews.io average deal value is around $100 per month
“So our average deal value is around sort of a hundred dollar mark.”