Tryba: Think3 targets SaaS companies with $3M+ ARR and 80%+ retention
Andy Tryba · 1313 He Runs $1b Buyout Fund Think3 Giving Founders Free Time for Second Shot on Goal · Feb 27, 2019 · at 9:09
Andy Tryba, CEO of buyout fund Think3, outlines the core revenue and retention metrics his fund requires when acquiring SaaS companies.
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“We look for definitely ARR you know, north of, You know, three million, ideally in the five to ten million. And then we also look for a gross retention of at least 80%, and what that simply tells us is you have something that's sticky, right?”
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