Bak: TabSuite served angel investors, VCs, SBA lenders, and government organizations
Unat Bak · How he sold his $1m business for $20m Last Week · Aug 22, 2022 · at 1:56
TabSuite founder Unat Bak describes the types of customers who used his startup due diligence platform prior to its acquisition.
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“We had everything from everyone from angel investors, single angel investors, all the way up to angel funds, all the way up to micro VCs, big VCs. We even had SBA lenders, government organizations”
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More from Unat Bak
Bak: TabSuite's $20M exit included $5M to $6M cash, plus equity
“So we, what I was saying is like, because we spent like roughly 500 to, you know, north of 500 K on physical like payments to either vendors, subscriptions, those actual capitalized costs the cash portion of the deal, you know, was roughly like the 10 to 12% r…”
Bak: The reported $20.8M valuation was an MOU price, later adjusted
“Well, that was, yeah, the initial price, the final price got you know, that was the MOU pricing, but then we adjusted slightly to reach like terms more favorable to both parties.”
Bak: TabSuite SaaS pricing ranged from $500 monthly to over $75k annually
“It was a SAS model ranged anywhere from 500 bucks a month, all the way up to sometimes 75 K a year or more.”