CleanConnect.ai receives 10-year upfront cash payments from oil and gas customers
Mark Smith · Oil and Gas ESG SaaS Hits $1.2m ARR in 12 Months, $5m Raise Next? · Aug 20, 2021 · at 4:25
Mark Smith, president of CleanConnect.ai, discusses how energy tax rules enable large upfront multi-year contracts.
0:00 / 0:12exact quote · 12.9s
720p mp4 · rendered on demand · StarZero watermark
“So when you're building a new pad, there's a thing called intangible drilling costs. So in that case, they want to accelerate CapEx. So they'll pay us for 10 years up front, everything. All hardware, all software.”
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 Mark Smith
Smith: Fossil fuels will provide 80% of energy for 20 more years
“80% or more of our energy comes from fossil fuels and will in spite of all the focus on renewables for the next 20 years.”
CleanConnect.ai generates over $100,000 in monthly recurring revenue
“We're, no, we're six figures.”
Smith: Delaying his September 2000 exit would have reduced value by two-thirds
“Honestly, if we had waited another year, probably would have got a third of that.”
Mark Smith: CleanConnect.ai considers SPAC route to acquire engineering companies
“You know, we're talking about doing a SPAC and putting extra money and buying up because I was very successful near the last year prior to exit of buying great engineering companies who couldn't market their way out of a wet paper bag.”