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SaaS Buyers' Club

Latest episodes

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Sep 27, 2024 • 56min

The undeniable link between culture and business performance with Dan Tocchini

In this SaaS Buyers' Club Episode 40, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Dan Tocchini, founder of the business coaching consultancy Take New Ground. They delve deep into the intricacies of managing and exiting SaaS businesses. The conversation centers around the undeniable link between culture and business performance. Tocchini shares his journey from an entrepreneurial family to tackling personal hurdles and becoming a pivotal figure in personal development. He recounts transformative stories from working with top giants like ESPN and Disney, emphasizing the importance of addressing underlying issues within company cultures. The discussion offers an insightful guide for founders battling between possibilities and necessities, urging them to have the conversations that really matter and to put themselves at stake for their vision. This episode is a goldmine for any SaaS founder looking to align their team and achieve the best possible exit.00:00 Introduction to SaaS Buyers Club01:00 Meet Dan Tocini: Founder of Take New Ground01:55 Dan's Background and Personal Journey05:39 The Importance of Culture in Business09:52 Identifying and Addressing Cultural Issues14:38 Real-World Examples of Cultural Challenges18:11 Navigating Difficult Conversations in the Workplace29:47 The Influence of Elon Musk on Engineering Culture30:57 The Importance of Attitude in Hiring32:04 Identifying and Naming the Problem35:15 Founders and the Tolerable Level of Despair40:12 Coaching Founders to Success44:53 Understanding Despair in Founders50:02 The Power of Vision and Commitment54:46 Final Thoughts and TakeawaysFollow the Guest: Dan Tocchini► https://www.linkedin.com/in/dantocchini/► https://www.instagram.com/dan_tocchini/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Sep 13, 2024 • 51min

Founder mindsets for scaling and fundraising with Aryuna Merdygeeva

In this SaaS Buyers' Club Episode 39, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Aryuna Merdygeeva.Aryuna, a former venture-backed startup co-founder, joins the discussion. Ayjuna now aids founders in scaling, fundraising, and overcoming mindset blocks. Dive into the importance of mindset work and how it influences business growth. Aryuna shares heartfelt stories of founders facing subconscious beliefs that impede their success.Learn practical exercises and insights to help founders unlock their potential. Discover common challenges like giving up control, avoidance, and the crucial aspect of building trust and relationships with investors and customers. If you want to understand the intersection of mindset and entrepreneurship, this conversation is a must-watch. Tune in for actionable advice and strategies!00:00 Introduction to SaaS Buyers Club00:39 Meet Aryuna: Helping Founders Scale and Overcome Mindset Blocks01:11 The Importance of Mindset in Business Success03:22 Therapists vs. Coaches: Understanding the Difference08:05 Common Challenges Founders Face12:04 Why Founders Should Care About Mindset17:43 Real-Life Examples of Overcoming Mindset Blocks21:09 The Role of a Coach in Guiding Founders26:24 Practical Tools for Scaling and Fundraising28:00 Building Relationships: The Key to Success28:28 Connecting on a Personal Level28:48 Understanding Your Prospect's Experience29:07 The Importance of Trust in Fundraising33:03 Avoiding the Curse of the Expert34:18 The Process of Working with Founders36:30 Addressing Control Issues40:08 Exercises for Self-Awareness44:47 The Power of Feedback50:38 Final Thoughts and Contact InformationFollow the Guest: Aryuna Merdygeeva► https://www.linkedin.com/in/aryuna-merdygeeva/► https://www.instagram.com/aryuna_mer/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Sep 5, 2024 • 39min

Unlocking Leadership & Business Success with Adrian Koehler

In this SaaS Buyers' Club Episode 38, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Adrian Koehler.Adrian is a seasoned business consultant and coach from Los Angeles. Adrian shares his journey from pre-med student to pediatric nurse, eventually transitioning into leadership coaching. He dives into the art of helping people make meaningful decisions under pressure, drawing from experiences at the Mosaic Church and in the prison system. Adrian explores the principles behind effective leadership and business growth. He emphasizes the power of owning your dark side, fostering transparent team communication, and focusing on personal self-mastery. The conversation touches on critical issues like handling toxic work cultures, aligning teams with vision, and the importance of personal accountability. For leaders struggling with burnout or misaligned teams, Adrian offers practical steps and deep insights into shifting perspectives and tackling internal challenges. Watch to learn how integrating these strategies can produce significant, lasting results in your business and life.00:00 Introduction to the Episode00:22 Adrian's Background and Career Journey03:36 Transformative Work in Prisons04:32 The Power of Responsibility and Leadership06:47 Shifting Perspectives and Asking Better Questions13:43 Creating a Culture of Transparency17:34 Intention and Mechanism in Achieving Results21:15 Identifying Chronic Complaints21:55 Sustaining the Complaint22:45 Hidden Payoffs and Martyr Complex24:21 Exploring the Victim-Responsible Story25:02 Steps to Address Complaints27:35 The Importance of Honesty and Accountability29:37 Logical Conversations and Team Alignment36:29 Burnout and Unheard Conversations38:18 Final Thoughts and EncouragementFollow the Guest: Adrian Koehler► https://www.linkedin.com/in/adriankoehler/► https://www.instagram.com/adrian.k/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Aug 23, 2024 • 58min

How Simon Leroux is Transforming the M&A Industry

In this SaaS Buyers' Club Episode 37, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Simon Leroux, a serial entrepreneur with multiple exits who is now seeking to transform the M&A industry with new startup, Optionality.ai.Simon recounts his intriguing journey spanning over 25 years, beginning in the telco industry and eventually leading to his first entrepreneurial venture, a boutique consulting firm specializing in direct investment attraction. Discover Simon's experiences in scaling businesses, the failures, and pivotal learnings that shaped his path, including an in-depth look at his SaaS company, Gazelle AI, which leveraged AI to predict corporate global expansions. As they delve into the intricacies of acquiring and selling businesses, Simon shares his valuable insights on overcoming growing pains, optimizing for growth, and his new venture, ‘Optionality’, designed to help business owners prepare for a successful exit. Learn his insider tips on navigating acquisition processes, the importance of aligning with partners, and actionable strategies to boost your SaaS company’s valuation. Tune in to gain firsthand knowledge and practical advice from an industry veteran.00:00 Introduction to SaaS Buyers Club00:40 Simon's Entrepreneurial Journey01:30 First Entrepreneurial Experience03:14 The Birth of Gazelle AI04:29 Navigating the Pandemic05:17 The Decision to Sell06:44 Founding Optionality18:37 Challenges and Growth Pains19:48 The Sale to KKR25:32 Bootstrapping vs. VC Funding29:19 Challenges of Scaling a Niche SaaS Product30:23 Valuation and Market Potential31:10 Building a Growth Story for Acquisition33:41 The Acquisition Process: Lessons Learned37:48 Navigating the LOI to Close45:09 Introducing Optionality: Solving the Exit Problem48:38 How Optionality Works57:10 Final Thoughts and Contact InformationFollow the Guest: Simon Leroux► https://www.linkedin.com/in/lerouxsFollow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Aug 10, 2024 • 42min

How you can use Linkedin for B2B SaaS Success with Cory Blumenfeld

In this SaaS Buyers' Club Episode 36, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Cory Blumenfeld, a serial entrepreneur with multiple exits and a rising Linkedin voice.Cory shares the rollercoaster journey of his entrepreneurial life from starting a driveway sealing business to building and selling a mobile app to hospitals across Canada. During the discussion, Cory reveals the challenges he faced, such as defining a clear business model and the importance of recurring revenue and focus. Cory dives deep into his transition from aspiring to be a doctor to falling in love with entrepreneurship. He shares intriguing insights about building in the healthcare tech space, digitizing hospital discharge information, and the journey towards his exit. One of the key segments of this episode is Cory's hypothesis and practical approach to 'building in public.' He explains how sharing his daily entrepreneurial experiences on platforms like LinkedIn has been transformational. Cory touches on the importance of transparency, building relationships, and gaining trust – crucial elements for attracting clients, investors, and potential buyers. This episode is filled with invaluable lessons about business, personal growth, and the power of being open and transparent. Whether you are an aspiring entrepreneur or a seasoned business owner, Cory’s journey and tips on building in public are sure to inspire and provide actionable insights.00:00 Introduction and Guest Welcome00:25 Corey's Entrepreneurial Journey01:28 First Business: Mobile App for Hospitals04:55 Challenges and Lessons Learned10:41 The Exit and Acquisition Process18:16 Building Relationships and Public Presence20:35 Framework for Building in Public20:46 Sharing Personal Insights and Numbers21:53 Defining Building in Public24:06 Transparency and Relationship Building27:38 Hypothesis and Results32:41 Challenges and Mindset34:43 Commitment and Wins40:07 Final Thoughts and Takeaways Follow the Guest: Cory Blumenfeld► https://www.linkedin.com/in/coryblumenfeldFollow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Jul 30, 2024 • 46min

Understanding financial due diligence in acquisitions with Mitch Petracca

In this SaaS Buyers' Club Episode 35, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Mitch Petracca, President of the Petracca Group, which is a cutting edge financial due diligence advisory firm. Mitch, who is also the founder of the innovative new venture FundScout, shares his journey from CPA to M&A specialist, focusing on lower middle market businesses valued between $1 million to $100 million. Learn about the core components of transaction advisory, including valuations, financial due diligence, quality of earnings, and capital stack structuring. Dive into the industries Mitch primarily engages with—healthcare, SaaS, blue-collar trades, and construction—and discover the nuances of working capital and quality of earnings. Mitch breaks down complex concepts into digestible insights, covering everything from net working capital adjustments to the multifaceted negotiation strategies essential for successful business transactions. Moreover, Mitch introduces FundScout, a groundbreaking platform designed to streamline and democratize the capital-raising process, making it easier for entrepreneurs and independent sponsors to secure term sheets from a pool of over 209,000 lenders and investors. If you're venturing into the M&A space or simply curious about the mechanics behind buying and selling businesses, this episode is packed with invaluable tips, strategies, and real-world examples that you won't want to miss. Stay tuned till the end for exclusive advice on building relationships within the M&A ecosystem and optimizing your approach to buying and selling businesses. Don't forget to like, comment, and subscribe for more insightful episodes! #Mergers #Acquisitions #M&AStrategy #Entrepreneurship #FunScout #FinancialDueDiligence00:00 Introduction to SaaS Buyers Club00:31 Mitch Petracca's Career Journey01:21 Focus Areas of Petracca Group01:56 Industries Served by Petracca Group02:47 Challenges in Lower Middle Market Transactions04:59 Understanding Net working Capital09:44 Quality of Earnings and Financial Due Diligence18:43 Negotiation Strategies in M&A24:59 Buyer Protection Strategies26:21 EBITDA vs. ARR in Valuation29:12 Determining the Multiplier34:28 Introducing Fund Scout35:31 How Fund Scout Works40:45 Exclusive Service and Fees43:40 Final Thoughts and FarewellFollow the Guest: Mitch Petracca► https://www.linkedin.com/in/mitchpetraccaFollow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Jul 20, 2024 • 53min

Here's what you can learn from Matt Verlaque accidentally building a sellable SaaS company

In this SaaS Buyers' Club Episode 34, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Matt Verlaque, who is the COO at SaaS Academy. Matt shares his incredible journey from being a career fireman to accidentally launching a successful software company called Uplaunch, which was later acquired. He provides valuable lessons on customer concentration, expansion vision, and ensuring founders work themselves out of a job to create durable and sellable businesses. Get ready to learn how focusing on service over software can lead to explosive growth and the importance of building from day one with a sellable mindset. Matt's practical advice and real-world experience make this episode a must-watch for SaaS founders aiming for strategic exits. Don't forget to like, comment, and subscribe for more insightful episodes!00:00 Introduction to SaaS Buyers Club00:19 The Importance of Building a Sellable Business03:03 Matt Verlack's Entrepreneurial Journey06:07 Challenges and Realizations in Business Growth07:45 The Role of Venture Capital and Market Dynamics18:42 Strategies for Building a Sellable Company27:13 Understanding Customer Concentration Risks29:07 Overcoming Revenue Plateaus31:00 The Importance of Niche Focus33:07 Building a Durable Business40:22 Strategic Partnerships and Acquisitions49:49 Making the Owner Obsolete52:09 Conclusion and TakeawaysFollow the Guest: Matt Verlaque► https://www.instagram.com/mattverlaque►https://www.linkedin.com/in/matt-verlaque/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Jul 12, 2024 • 50min

The secrets to selling your business they don't want you to know with Kevin McArdle

In this SaaS Buyers' Club Episode 33, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Kevin McArdle from Big Band Software. Big Band Software buys and operates great b2b SaaS companies. Learn about BigBand's unique approach to long-term investment, their growing portfolio, and the extensive experience Kevin and his partners bring to the table. Kevin dives deep into what makes their acquisition strategy work, including the importance of trust, transparency, and long-term value creation. Discover how founders should plan for an exit early, get insights on the metrics that matter most, and understand the significance of employee satisfaction. Kevin also shares practical advice for both founders and buyers, emphasizing the need for respect, humility, and detailed planning. Don't miss out on these invaluable tips for navigating the complexities of SaaS acquisitions!00:00 Introduction to SaaS Buyers Club00:11 Meet Kevin McArdle of BigBand Software00:53 BigBand Software's Business Model01:54 Kevin's Background and Journey03:30 The Acquisition Process at BigBand04:47 Kevin's Favorite Part of the Job07:36 Advice for Founders on Exit Planning14:44 Building Relationships with Potential Acquirers16:38 Handling Inbound Interest and Spam22:12 Ideal Acquisition Scenarios for BigBand24:18 Understanding the Buyer's Perspective24:53 Deciding Between Investment or Buyout26:25 Key Considerations for Selling Your Business28:48 The Importance of Trust in Business Deals29:26 Transparency and Disclosure in Transactions39:02 Valuation Models and Metrics40:33 Employee Satisfaction and Its Impact46:30 Final Thoughts and Tips for Founders and BuyersFollow the Guest: Kevin McArdle► https://www.linkedin.com/in/kevin-mcardle-6bbb296/►https://bigbandsoftware.com/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Jun 28, 2024 • 53min

Marketing for software companies looking to exit and for the acquirers too with Masha Petrova, Ph.D

In this SaaS Buyers' Club Episode 32, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Dr. Masha Petrova, founder and CEO of Nullspace. With over 15 years in the engineering simulation and design software industry, Dr. Petrova brings a wealth of experience from her roles at Ansys, Altium, and MSC Software during its acquisition by Hexagon.Dive into Dr. Petrova's fascinating journey from a 'real' engineer to a dynamic leader in sales and marketing. Discover how she co-founded NullSpace, a cutting-edge tech company developing engineering software for electrical engineers working on novel radio frequency technologies like antennas and radars. Gain insights into the intricacies of NullSpace as an analysis tool for engineering design and performance optimization.Explore the world of mergers and acquisitions (M&A) from Dr. Petrova's unique perspective, having been at companies in head of marketing roles that have been acquired as well companies that are acquiring. She shares her firsthand experiences with companies like 3D Sim, OnScale, and MSC Software going through the acquisition process. Learn the critical role of marketing in M&A, how integration challenges arise, and the importance of aligning with the acquirer's objectives to ensure a successful transition.Dr. Petrova also sheds light on the niche yet rapidly evolving field of engineering software, emphasizing the essential role of engineers and the tools they use to create reliable technology. Get key takeaways on how to navigate significant changes during acquisitions, the importance of a strong team, and the value of strategic alignment post-acquisition.Don't miss this deeply informative and engaging conversation that offers a treasure trove of insights for anyone interested in SaaS acquisitions, marketing strategy, and engineering software!00:00 Introduction to SaaS Buyers Club00:10 Meet Dr. Masha Petrova01:02 Journey from Engineer to CEO01:34 Understanding NullSpace02:05 The Role of Simulation in Engineering04:21 Acquisition Experiences05:12 The Niche Market of Engineering Software08:13 Recent Trends in Engineering Software M&A13:50 Challenges in M&A Integration21:40 Marketing's Role in Acquisitions27:32 Understanding Sales Needs Post-Acquisition28:29 Aligning with Acquirer's Objectives30:30 Challenges Faced by Employees During Acquisition31:37 Unique Insights on Acquisition Experience32:32 Importance of Aligning Objectives Post-Acquisition34:57 Employee Incentives and Acquirer Responsibilities38:20 Personal Experience with Acquirer Incentives41:45 Marketing Challenges in Acquisitions50:51 Final Thoughts and Tips on AcquisitionsFollow the Guest: Dr. Masha Petrova► https://www.linkedin.com/in/mashavpetrova/►https://www.nullspaceinc.com/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.
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Jun 17, 2024 • 50min

Reducing Churn & Scaling SaaS businesses with Nick Fogle

In this SaaS Buyers' Club Episode 31, your host, Software as a Service (SaaS) mergers and acquisitions (M&A) lawyer Omeed Tabiei from Optimist Legal interviews Nick Fogle, founder and CEO of ChurnKey. Nick's expertise in churn reduction strategies has dramatically improved customer retention and overall company performance for SaaS businesses. Together, they dive into his entrepreneurial journey, detailing his early challenges as a recovering attorney with massive student debt, to self-teaching code, and eventually creating successful startups.Nick discusses his experience with his first startup, Wave, and how understanding market needs and pivoting the business led to its acquisition in January 2021. He provides insightful anecdotes about the acquisition process, dealing with potential buyers, and the critical role of reducing churn to boost business value.The conversation also explores the evolution and mission of ChurnKey, a platform designed to reduce voluntary and involuntary churn. Learn how ChurnKey uses AI to provide tailored solutions for subscription-based businesses, ensuring higher customer retention and increased revenue.Don't miss out on Nick's invaluable advice on achieving product-market fit, the importance of listening to the market, and preparing for successful business exits. This episode is packed with lessons for entrepreneurs at all stages. Tune in and get inspired!00:00 Introduction to SaaS Buyers Club01:19 Nick Fogle's Background and Career Shift03:54 The Birth of Wave and Early Struggles06:22 Pivoting to Success with Audiograms10:27 Scaling and Market Validation13:21 Acquisition Offers and Strategic Decisions17:59 Addressing High Churn and Increasing Valuation25:47 The Origin Story of Turnkey26:15 Transition from Wave to Turnkey27:07 Challenges and Realizations in Building Turnkey27:49 Finding Product-Market Fit29:56 The Acquisition Process31:37 Structuring the Earnout36:13 Technical Handover and Documentation41:06 Introduction to Turnkey's Features42:23 Addressing Churn with Turnkey48:10 Final Thoughts and Advice for Founders49:23 Conclusion and Call to ActionFollow the Guest: Nick Fogle► https://www.linkedin.com/in/nickfogle/►https://www.churnkey.co/Follow the Host: Omeed Tabiei ► https://www.linkedin.com/in/Omeed-Tabiei► https://www.facebook.com/omeedt►https://www.instagram.com/saasbizlawyerHow to reach Optimist Legal about your SaaS M&A transaction to explore working with us► https://www.optimistlegal.com►Omeed@OptimistLegal.com▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬About Optimist Legal:Optimist Legal is a SaaS corporate and business focused law firm with extensive experience in M&A. When you work with Optimist Legal for your next SaaS M&A transaction, you can rest assured that you're working with diligent experts that are going to get you the best deal possible.

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