EstateSpace founder Jonathan Fishbeck describes customer adoption and demographics for the physical asset management platform to host Nathan Latka.
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“So we have over 50 families. We have multiple billionaires on the platform.”
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More from Jonathan Fishbeck
AssertionPartly supported
EstateSpace secured $1M in SBA COVID relief despite mass layoffs
“COVID, it gave us almost a million dollars in free money, so We had a lot of people pre-COVID. We let them all go, but the way that they looked, the SBA looked at that was that, okay, they counted us for the 2018, 2019 time when we had a lot of employees, so w…”
Jonathan FishbeckOct 30, 2022▶ 11:29How we bootstrapped to $1m in ARR using services, now high multiple SaaS
PredictionNot checkable as stated
Jonathan Fishback predicts EstateSpace will reach $2M SaaS ARR in 2023
“We'll be about two million dollars in ARR by the end of next year, and it'll all be SAS.”
Jonathan FishbeckDec 28, 2022▶ 6:17He closed $3.2m at $17m valuation with $20k in MRR last week for Estate Planning Tool
Opinion
Fishback rejected a $20M acquisition offer, believing EstateSpace is worth more
“I see this company being much more valuable than twenty million dollars, and I was not in a position.”
Jonathan FishbeckDec 28, 2022▶ 10:18He closed $3.2m at $17m valuation with $20k in MRR last week for Estate Planning Tool
AssertionNot checkable as stated
EstateSpace converted $4.3M in family debt into 8.5% equity tax-free
“We converted 4.3 million dollars of debt into eight and a half percent equity.
Because Ron is my father and I'm his son the IRS saw that this could have just been simply a contribution.”
Jonathan FishbeckOct 30, 2022▶ 9:32How we bootstrapped to $1m in ARR using services, now high multiple SaaS
AssertionNot checkable as stated
Fishback: Family offices are expanding into lifestyle fulfillment services
“In the last 10 years, family offices specifically have started getting into the fulfillment of the lifestyle of the individual that they're serving, whether it's a single or multifamily.”
Jonathan FishbeckDec 28, 2022▶ 2:39He closed $3.2m at $17m valuation with $20k in MRR last week for Estate Planning Tool
PredictionNot checkable as stated
Fischbeck: EstateSpace projects $5M to $6M in profits in 2025
“Our burn rate, it's gonna be close to about four million dollars, and we're gonna see somewhere around five to six million dollars in, in performance and profits in twenty-twenty-five”
Jonathan FishbeckOct 30, 2022▶ 12:00How we bootstrapped to $1m in ARR using services, now high multiple SaaS
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