Nicole Verkindt, founder and CEO of OMX, explains her cap table and ownership structure after avoiding traditional VC rounds.
0:00 / 0:02exact quote · 2.4s
720p mp4 · rendered on demand · StarZero watermark
“I still have control just over 50%.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Nicole Verkindt
AssertionNot checkable as stated
Verkindt: Canada Lacked Early-Stage Venture Capital Around 2012
“I went out to raise a, do a significant VC raise, and I just had a lot of challenges with that process, and I mean, you and I spoke earlier about how much I feel the community has changed, especially in Canada in the last eight years but we had, there wasn't r…”
Nicole VerkindtMar 26, 2019▶ 4:321340 She Helps Raytheon with Procurement, Passes $1m in ARR with eye on $5m
Opinion
Verkindt: Investors Only Value Recurring Software Revenue Over Services
“I think investors give you that impression, right? So they'll only give you a multiple on your reoccurring revenue. They only want it to be software related revenue.”
Nicole VerkindtMar 26, 2019▶ 7:371340 She Helps Raytheon with Procurement, Passes $1m in ARR with eye on $5m
AssertionSupported
Verkindt: Regulated Enterprise Bidders Must Report Socioeconomic Impact to Governments
“All the companies in our sectors are required to do this reporting back to government, and they have to do it when they go out to bid for new projects, like a new major infrastructure project, for instance.”
Nicole VerkindtMar 26, 2019▶ 2:261340 She Helps Raytheon with Procurement, Passes $1m in ARR with eye on $5m
“The buy side on average is paying about 3500, not on average, the low end is about 3500 a month, and that's in Canadian dollars, so it'd be more in US. And then on the sell side, it's about a 150.”
Nicole VerkindtMar 26, 2019▶ 3:481340 She Helps Raytheon with Procurement, Passes $1m in ARR with eye on $5m
Disclosure
Verkindt: OMX raised $1M from friends, family, and loans
“We just raised a small amount of capital, about a million dollars from friends and family, and we got some government loans that we've paid back.”
Nicole VerkindtMar 26, 2019▶ 4:121340 She Helps Raytheon with Procurement, Passes $1m in ARR with eye on $5m
Disclosure
Verkindt: OMX Enterprise Sales Cycles Exceed Two Years
“The sales cycles are two plus years, which is, you know, that, that's the big challenge there is that you have to be pricing these things because they are complex sales. They have to be a bit bigger deals.”
Nicole VerkindtMar 26, 2019▶ 6:291340 She Helps Raytheon with Procurement, Passes $1m in ARR with eye on $5m
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.