Assertion Contradicted AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Bean: Aha.com scaled to $35M run rate in three years

Jay Bean · How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean · Jan 27, 2016 · at 2:33

Jay Bean is a serial founder discussing the early growth and acquisition of his pay-per-click search startup aha.com.

0:00 / 0:07exact quote · 7.8s
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“We actually built a great little business that grew in three years from startup to about a thirty five million dollar run rate before it was acquired.”

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 Jay Bean

Disclosure
Bean: Carried over $500K in personal credit card debt for startups
“I've had times where I've had Well, more than a half million dollars on, on credit cards.”
Jay Bean Jan 27, 2016 ▶ 14:34 How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
Disclosure
Bean: Orange Soda floated Google ad payments on credit cards for runway
“In orange soda's case, I mean, yeah, We were, we would just use credit card to help us float our Google payments and other things. Well, so it gave you 60 days of extra runway on without raising more money.”
Jay Bean Jan 27, 2016 ▶ 14:54 How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
Prediction Not checkable as stated
Bean: Fresh Lime targets a $4M to $5M run rate by 2017
“Our revenue this year is pretty low. I mean, we'll do about two 50 next year by this time, I mean, we'll have a, Probably a, I don't know, a four or five million dollar run rate. I mean, we'll grow that much next year”
Jay Bean Jan 27, 2016 ▶ 18:55 How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
Assertion Not checkable as stated
Bean: Aha.com investors achieved an estimated 15x return
“The overall return for our investors was probably, I don't know, 15 X.”
Jay Bean Jan 27, 2016 ▶ 3:23 How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
Insight
Bean: Service-heavy software businesses take large valuation multiple hits
“Anything that has a service component that is a little bit more service than software. You take a huge hit on, on kind of that, that multiple”
Jay Bean Jan 27, 2016 ▶ 5:12 How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
Assertion Partly supported
Bean: Deluxe acquired Orange Soda for $28M to $30M plus stock
“Orange soda was acquired for about 28, thirty million, somewhere in there. Plus there's obviously stock and other things for the internal guys”
Jay Bean Jan 27, 2016 ▶ 8:08 How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
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