The Ledger
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Gertler: ShareRoot IPO'd at $10.5M USD valuation on $700 MRR
“We went public in the early days of January of 2016, so two and a half years ago. What was our MRR at the time? MRR was at about 700 dollars when we went public. Market cap at the time was thirteen million Australian. Let's just, for simplicity purposes, call …”
Gertler: VC liquidation preferences pushing founders to bottom of payout is 'ridiculous'
“As VCs invest, they get the next, they get the top priority of share class. And as you go down that ladder of Priority with VCs, you find that the founders are the second to the bottom, and the team members are at the bottom, and that's ridiculous to me.”
Gertler: Reverse mergers are respected in Australia, but 'garbage' in US
“Even though we did a reverse merger, which is a respect thing out there. Whereas in the U S if you do a reverse merger, it's just garbage.”
Gertler: ShareRoot reverse-merged into Australian tin mining shell company Monto Minerals
“So we merged into drum roll. A company called Monto Minerals, which is in the tin mining space.”
Gertler: No successful public company bridges marketing services and tech
“If you look around at the public markets, there isn't a successful company that bridges a marketing company, both services and tech.”
Gertler: ShareRoot is exploring crypto to incentivize data sharing
“Crypto as a related side of that industry is something that we're also looking at because consumers are going to need to be motivated and incentivized to share their data, right?”
Gertler: ShareRoot raised $10M total, including $600K before ASX listing
“We've raised about ten million to date, and we raised about 600,000 before going public on the Australian Stock Exchange.”
Gertler: ShareRoot closed ~$700K in quarterly revenue with ~$80K SaaS
“So we, in the previous quarter, we closed about,
In US dollars, we closed about 700 K in revenue majority on agency side of the business, whereas SAS revenue was up at about 80 K on the quarter, something like that.”