Blackthorn paid Texty's $2M acquisition balance over 24 months from cash flow
Chris Federspiel · Pivot City! How we pivoted 6 times on our way to $20m in revenue · Apr 28, 2023 · at 7:55
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Chris Federspiel explains the payment structure utilized to acquire the Salesforce SMS app Texty without equity dilution.
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“The other two million were to be paid over 24 months, which we paid over our own cash flow. And they were going to be incrementing payments. So they started small, and then they grew with the size of our company, and they agreed with that.”
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