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Eric Varden

8 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Jan 15, 2021 by Eric Varden · across every show →

On the record as a speaker too: Eric Varden's record, appearances and statements → this page counts the times other people say the name.

Everything said about Eric Varden, oldest first

Jan 15, 2021 positive
Assertion Not checkable as stated
Varden: Arcane Was Never More Profitable Than After Founders Stepped Aside
“Best decision we ever made, the business was never more profitable until we actually got out of the way.”
Eric Varden Jan 15, 2021 ▶ 19:48 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021 neutral
Insight
Varden: Institutional capital should scale proven businesses, not fund early experimentation
“Depending on the type of product and the type of business that you're in, any good investor is going to want to make sure that you have proven your business first and you've grinded and you've sweated out and that, you know, the product, you know, there's a fi…”
Eric Varden Jan 15, 2021 ▶ 12:26 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021 neutral
Assertion Not checkable as stated
Varden: Arcane's margins were hurt by accumulated micro-inefficiencies, not one major bottleneck
“It wasn't one thing that was impacting our margins. It was a whole bunch of things in, in a minute percentage. So it was, you know, too much analysis through analytics and spending too much time on the data. Pulling reports and then making decisions.”
Eric Varden Jan 15, 2021 ▶ 28:59 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021 positive
Disclosure
Varden: Arcane sold results instead of discussing agency margins
“Often we wouldn't get into margin conversations with clients. We knew we would be profitable. We knew that we had to obviously monitor our cashflow and expenses and all those fun things that, that lead to it, but no, it was mainly around results. We focused on…”
Eric Varden Jan 15, 2021 ▶ 9:04 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021 positive
Insight
Varden: Agency Valuation Rises When Clients Are Tied to Business, Not Founders
“In a relationship based business, if all of the clients are attached to the owners, that it's hard to ever get out of the business. And it, we also felt that it would add more value if those relationships were tied to The business, not to ourselves.”
Eric Varden Jan 15, 2021 ▶ 19:18 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021
Disclosure
Varden: Arcane never took or needed outside funding
“We really never needed outside funding whatsoever.”
Eric Varden Jan 15, 2021 ▶ 11:05 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021
Assertion Supported
Varden: Arcane went from deal inception to close in under five months
“From November of 2019 moved very quickly, closing at the end of March is not a lot of time.”
Eric Varden Jan 15, 2021 ▶ 22:51 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
Jan 15, 2021 positive
Assertion Not checkable as stated
Varden: Arcane Guaranteed Clients at Least $15 Return per $1 Spent
“We were one of the first to really put that emphasis out there and say, we're going to guarantee results. We're going to put a dollar in and get a minimum of 15 dollars, you know, back in terms of your marketing investment.”
Eric Varden Jan 15, 2021 ▶ 7:30 The Eight-Figure Exit Secret: Put $1 In, Get $15 Back
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