Owens: The ProfitWell acquisition likely wouldn't have happened two months later
Christian Owens · Details of $20m Revenue Profitwell and $55m Revenue Paddle Deal and what led to the $200m Acquisition · Jun 27, 2022 · at 1:16:48
Christian Owens reflects on how quickly tech market financing conditions deteriorated following the April 2022 close of the ProfitWell acquisition.
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“Two months later, I think the deal might not have happened like at all.”
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More from Christian Owens
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“If we look at logo churn, we have Sort of 900 customers today. And like we've lost in terms of actual churn eight customers in seven years.”
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“It was really high. Like it was because it was a sort of a little bit of a COVID aberration. Because we were, we saw like the tailwinds of all of that. We at least doubled the business like kind of over that kind of period of time.”
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“Two months earlier and we might have raised it like a three and a half billion dollar valuation.”
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