Mintent is acquiring a competitor that generates more revenue than it does
Matt Dion · 1372 How He Took Net Revenue Churn from 57% to 10% in 12 Months · Apr 27, 2019 · at 11:02
Matt Dion responds to host's question regarding whether the acquisition target is larger in revenue than Mintent.
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“They're bigger.”
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Dion slashed Mintent's annual net revenue churn from 57% down to 10%
“Churn, so I inherited, if you can believe it, a 57% churn rate, and I brought it down, it's getting pretty close to 10%.”
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“I'm doing it with equity and earn out.”
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“No, actually that's already been done. So the team is actually lean and mean. I'm going to be bringing in less operating expenses than the revenue they're producing. So, so I'm actually bringing them in, in their current state. They're not cashflow positive in…”
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