Adrian: Latakoo is pursuing SBA loans with 7-8% interest rates
Paul Adrian · 1658 Why 142 Production Teams Pay Him $142k/mo For Quicker File Management · Feb 7, 2020 · at 10:11
Paul Adrian, co-founder and CEO of Latakoo, explains why the company is transitioning from high-interest debt providers to SBA loans to finance growth.
0:00 / 0:07exact quote · 7.6s
720p mp4 · rendered on demand · StarZero watermark
“So now, we're going after SBA money. And that gets us down to like, you know, seven, eight percent and a 10 year payback.”
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 Paul Adrian
Adrian: Lighter Capital quoted Latakoo a 2x loan repayment cap
“The terms we saw and we actually spoke to them, it would have been more like a hundred percent payback. So it would have been twice what they gave us, we would have to pay back. And others we've seen have been like in the three X category.”
Adrian: Latakoo achieves 120% net revenue retention with negative monthly churn
“And so we have a negative net revenue churn rate of about 1.7%, -1.7% per month. So on an annual basis, that's about -20%. So what that means in a sense is a buck that we had from a customer a year ago, we now have a buck 20 from that customer.”
Adrian: Latakoo founders must personally guarantee their SBA bank loan
“Yes. I mean, again, it is attached to the company, but it's also attached to the founders. So there is other stuff we've got to throw into the mix.”
Adrian: Latakoo holds patent for simultaneous compression and upload
“We have a patented simultaneous compression and upload. So I would break the file up, encode a chunk, upload the chunk to a network of edge servers.”