Derek Bluford discusses QuickLegal's priced angel funding rounds and valuation multiples with Nathan Latka.
0:00 / 0:05exact quote · 5.5s
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“Well, right now we've had some angels invest in, and right now, our valuation's twelve million.”
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More from Derek Bluford
Disclosure
Bluford: Acquisition offer for QuickLegal was between $12M and $15M
“It's above our current valuation, and under 15.”
Derek BlufordJan 20, 2016▶ 9:32Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
AssertionNot checkable as stated
Bluford: Clio has over 40,000 paying attorney users in California
“So they are a practice management company, and they have over 40,000 users just in California that are attorneys that pay them for their service.”
Derek BlufordJan 20, 2016▶ 9:53Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
PredictionDidn’t hold up
Bluford: QuickLegal will be on the ABA Journal cover in Q1
“Yeah, so our first quarter, we're gonna be on the cover of the National ABA Journal, and that goes to about 1.2 million attorneys”
Derek BlufordJan 20, 2016▶ 10:55Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
Disclosure
Bluford: QuickLegal filmed an appearance on Shark Tank
“We've done Shark Tank recently. That went very well, and we're waiting for that to air.”
Derek BlufordJan 20, 2016▶ 11:22Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
AssertionNot checkable as stated
Bluford: QuickLegal signed partnerships and non-competes with LegalZoom and Rocket Lawyer
“And then thankfully, we've actually entered into strategic partnerships with them now. So with, you know, non-compete.”
Derek BlufordJan 20, 2016▶ 12:09Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
AssertionNot checkable as stated
Bluford: Sold previous legal services startup for $425,000
“It was 425,000.”
Derek BlufordJan 20, 2016▶ 2:47Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal
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