Sidhu: One major city customer nearly doubled SPIDR Tech's revenue overnight
Rahul Sidhu · Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised · Sep 30, 2021 · at 10:12
SPIDR Tech co-founder Rahul Sidhu explains early 2020 growth dynamics when discussing COVID-19 pandemic impacts.
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“We had a major customer come on board you know, major city that doubled our revenue, almost doubled our revenue overnight in Q one of”
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More from Rahul Sidhu
Sidhu: Citizens interacting with local police are essentially customers
“Well, I mean, anybody who is interacting with a police officer or deputy sheriff at a local law enforcement level is essentially a customer.”
Sidhu: SPIDR Tech turned down a Series A to be acquired
“In fact, we had the potential of competing term sheet. We had a term sheet for a series. I mean, we were we actually ended up turning things down because we felt like this was a very, very rare type of acquisition that we could have easily walked away from.”
Sidhu: SPIDR Tech achieved profitability in 2020 before its acquisition
“We had reached profitability last year as well, so we didn't necessarily need venture money to continue growing.”
Sidhu: SPIDR Tech charged small police departments $10K to $40K annually
“At a smaller agency of a hundred folks, it could be, you know, somewhere between 10,000 to 40 ish thousand dollars a year, depending on how much of the platform that they wanted.”