Disclosure certainty 4/5 debate potential 1/5

Morgan: ChannelGrabber hired KBS to lead outreach to investors and buyers

Mike Morgan · 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad · Nov 16, 2019 · at 8:51

Mike Morgan, CEO of ChannelGrabber, explains why the company brought in an external corporate finance firm to run its capital raise and M&A outreach.

0:00 / 0:30exact quote · 30.4s
720p mp4 · rendered on demand · StarZero watermark
“Well, we're working with a corporate finance partner on this raise. And that, that is simply because the management team here are lacking in bandwidth to, you know, to lead a fundraising exercise. We're obviously going to be participating and I'll be leading it from the management team, but we're going to be working with a partner here. A firm called KBS. And so, so they will be leading the outreach to potential to potential investors and also potentially buyers.”

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 Mike Morgan

Assertion Supported
Morgan: Funding Circle requires personal guarantees from shareholders
“So Funding Circle do require personal guarantees from the shareholders.”
Mike Morgan Nov 16, 2019 ▶ 6:26 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Disclosure
ChannelGrabber passes 800 customers
“So we, we've just exceeded 800 customers.”
Mike Morgan Nov 16, 2019 ▶ 4:53 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Disclosure
Morgan: ChannelGrabber took on about $400k of debt in 12 months
“Being very transparent we're probably about 400,000 dollars of debt in the last 12 months, which we're servicing.”
Mike Morgan Nov 16, 2019 ▶ 5:45 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Assertion Not checkable as stated
Morgan: ChannelGrabber is tracking about $1.3M in ARR
“We're currently tracking about 1.3 million dollars in, in annual recurring revenue.”
Mike Morgan Nov 16, 2019 ▶ 8:14 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Disclosure
Morgan: ChannelGrabber targets a $6M to $9M pre-money valuation
“So, you know, the market rate is, is four to six X that figure. So, you know, I guess I usually work in pounds, excuse me, but you know, we're probably looking anywhere between six and nine million us.”
Mike Morgan Nov 16, 2019 ▶ 8:23 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Disclosure
Morgan: ChannelGrabber's original shareholders are open to an acquisition
“I think that a sale of the company is interesting for current set of principal shareholders then in the business for, well, since the outset in the case of the founders, and we also have a an angel investor who came in, in our first and only seed round. And so…”
Mike Morgan Nov 16, 2019 ▶ 9:52 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.