ReviewPro's early investors saw returns between 2.5x and 28x at exit
RJ Friedlander · 1580 Why ReviewPro CEO Sold 80% For $28M in 2016 and How He Grew to $15M in ARR Today · Nov 21, 2019 · at 10:35
ReviewPro CEO RJ Friedlander details the returns generated for early backers during the 2016 majority sale to Shiji.
0:00 / 0:21exact quote · 21.3s
720p mp4 · rendered on demand · StarZero watermark
“Our original investors, which were individual investors and some well-known, some well-known entrepreneurs, and then also a small venture capital fund, they ended Earlier on, they all exited with between a two and a half and a 28 time return.”
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 RJ Friedlander
ReviewPro reached 45,000 hotel clients globally on just €5M in equity
“We raised a total of five million euros in equity, which to build a global SAS business model where we work with, as we said 45,000 hotels, 150 countries. We support the product and account management in seven languages to have built all that on only five mill…”
ReviewPro has 35,000 SaaS hotel clients and 10,000 data clients
“It'd be about 35,000 hotels that pay us a monthly SAS fee for one or all of our, and then we have the balance of 10,000 pay us for our data.”
Over 90% of ReviewPro revenue comes from dashboard SaaS tools
“So they're using our data through our dashboard and they have access to our analytics and our reports. That would be in terms of revenue would be like 95% or over 90.”
Shiji acquired 80% of ReviewPro at a valuation above $35M
“Well, they acquired 80% initially and the price was higher than that.”