Alex Simani, co-founder of TitleCapture, discusses the pricing potential of expanding into full-transaction settlement software for title agencies.
0:00 / 0:07exact quote · 7.6s
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“We definitely have to start moving either by or build whatever, because that's a 40,000 ACV product. It's a 10 times.”
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More from Alex Simani
Opinion
Alex Simani Says TitleCapture Is Worth $60M-$80M to a Strategic Buyer
“We were actually doing the math. I'm not going to name any names, but we realized that for one of our partners, a buyout would be in the range of 60 to eighty million. You know, that would be fair value to them. Actually, that would be a discount, you know, so…”
Alex SimaniMar 28, 2023▶ 14:41How he Bootstrapped to $4m In Real Estate SaaS Space
Disclosure
TitleCapture Explored Raising Capital to Buy a Distressed Insurance Underwriter
“We've actually discussed Finding a distressed insurance underwriter that we could buy, you know, that we would need an investor. Obviously we would need, you could take outside money by that distressed underwriter and use our technology, right. To position it,…”
Alex SimaniMar 28, 2023▶ 16:26How he Bootstrapped to $4m In Real Estate SaaS Space
Disclosure
TitleCapture Launched by Selling First Client a $1,000 Monthly Lifetime Deal
“And we do the homework and we propose to them, Hey, you don't have to pay us hundreds of thousands of dollars, just pay us a thousand dollars a month, you know, going forward and we'll cap it lifetime deal and we'll build it, but we're going to own it. And the…”
Alex SimaniMar 28, 2023▶ 2:46How he Bootstrapped to $4m In Real Estate SaaS Space
AssertionNot checkable as stated
TitleCapture's First Client Stayed After Being Acquired by First American
“The funny story is the acquiring company already had a solution. But the people that were using us, they sort of were activists and they didn't want to let go of it. And so they kind of opposed canceling and we're still with them.”
Alex SimaniMar 28, 2023▶ 3:17How he Bootstrapped to $4m In Real Estate SaaS Space
AssertionNot checkable as stated
TitleCapture Has Signed 1,500 Agencies Out of a 13,000 Total Market
“We have signed up of 1500 title agencies thus far. The market in total is 13,000.”
Alex SimaniMar 28, 2023▶ 6:40How he Bootstrapped to $4m In Real Estate SaaS Space
AssertionNot checkable as stated
TitleCapture Has 1,000 Active Paying Accounts After Factoring in Churn
“We've signed up 1500. And when you take out the churn companies I don't know, we're about around the thousand active.”
Alex SimaniMar 28, 2023▶ 7:24How he Bootstrapped to $4m In Real Estate SaaS Space
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