Disclosure certainty 4/5 debate potential 1/5

Brakey: Promys funded growth through cash flow and prior business exits

John Brakey · How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space · Feb 18, 2022 · at 10:08

John Brakey, founder and CEO of Promys, discusses bootstrapping the company with host Nathan Latka.

0:00 / 0:10exact quote · 10.4s
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“We've had a lot of good cashflow and we had our own investment from some other businesses that we sold. So we've never really had to go outside in the marketplace.”

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More from John Brakey

Assertion Not checkable as stated
Brakey: ConnectWise struggled for 18 months after private equity acquisition
“Well, it was connect wise had a major problem when they had a major investor committed by the company and it took them about maybe a year and a half to really recover from that.”
John Brakey Feb 18, 2022 ▶ 11:49 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Insight
Brakey: Most tech-integrator profit comes from services, not product sales
“And so if you think about a company that's doing service-based business, most of their profitability comes from their services, not from the product sales that they do.”
John Brakey Feb 18, 2022 ▶ 2:04 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Assertion Not checkable as stated
Brakey: Most IT services firms use 2 to 4 fragmented software tools
“In addition to that, if you look at most people in the market, they're using two, three, sometimes four different products to cobble their business together, whether it's in the sales process, the order admin process, the delivery project services, and the tic…”
John Brakey Feb 18, 2022 ▶ 2:52 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Disclosure
Brakey: Promys blended seat pricing averages roughly $59 per month
“It's based on a seat license and there are two seat licenses. There's a field license or technical license and a full license for the salespeople and the admin people. And so you're looking at it on average about if you blend those two rates together, about 59…”
John Brakey Feb 18, 2022 ▶ 4:45 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Assertion Not checkable as stated
Brakey: Promys generates about $345K in monthly revenue
“Yeah, that's about right.”
John Brakey Feb 18, 2022 ▶ 7:59 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Disclosure
Brakey: The average Promys customer has 40 to 45 seats
“The average customer is about 40, 45.”
John Brakey Feb 18, 2022 ▶ 5:09 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
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