Buying a SaaS company
“please help me giving a warm welcome to Brad Miller Brad come on up man”
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Masters of Debt: How I bought a $5m SaaS Company Using Debt, Grew to $20m... Then Flipped for a Huge Gain
Brad Miller · AwarenessTech
Published September 1, 2022Brad Miller is a master of debt.
In 20 minutes, you’ll learn:
- How to create organic growth via M&A
- Playbook for growing from $100k to $300k in MRR
- How he exited for $35m
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Brad Miller recounts buying and growing a SaaS company with equity and bank debt, competing through acquisitions, evaluating investment returns, and managing the business toward a later sale.
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“please help me giving a warm welcome to Brad Miller Brad come on up man”
“paid uh six million six million and how'd you find the Six Million uh well five and a half million uh myself in a financial partner split at 50 50. and we did a little bit of Bank debt uh on top of that um a million bucks a Bank debt to fund you know the purchase price and some other expenses and all that kind of stuff and so you start scaling this 2011 7 million Revenue 1 million profits did you take dividends out this year or you waited till next year no the next year but then so then we finally got them off the payroll so that I wouldn't take the”
“so our biggest competitor uh this is also an odd story uh was a company called variato and at my previous business that I sold to Goldman I was trying to buy them too I got outbid heavily because they got sold for 45 million to two VCS and it was a nice you know business doing 15 million of Revenue making six million a profit um and then once so when I saw awareness Tech which was like a number two to them”
“investment you can see let's make it a dollar right so you put a dollar in you turn that dollar into what over 10 years uh well 12 and 37 so 47 so five um you know uh nine times nine one dollar to nine dollars on a five million base it's pretty good right good story okay so the story gets more interesting um can we go there yeah we can we can go there uh story gets he has to because it's already on the next slide”
“starting to decline on the other they they decided um we used to manage the business on a cash basis so because we were very paper click oriented we needed to see sales cash sales today so we could measure the success how much were you doing in monthly PPC you were managing 300K a month you know and um so over you know three four million a year and um and so it was it was the biggest”
“Brad Miller CEO of AwarenessTech I bought a $5m SaaS Company, M&A for Growth, $12m+ Dividends … Grew to $20m, Then Flipped for a Huge Gain Founder500, Sept 2022”
“AwarenessTech Revenue Growth You should want profits… … profits soared 2012 2012: Paid out $1m in dividends 2014: $3m dividends 2016: $6m dividends”
“AwarenessTech Revenue Growth In-Organic Growth via M&A … profits soared 2016 Bought business for $3m $100k/m in MRR, grew to $300k MRR”
“AwarenessTech Revenue Growth In-Organic Growth via M&A … profits soared 2018 VC’s bought for $45m in 2008 $15m ARR, $6m profits Brad bought for $3.5m in 2018 (with $10m ARR) Went from losing $2m to making $1.5m with staff cuts (60 down to 30)”
“AwarenessTech Revenue Growth Sold for $35m … huge financial win 2020 …. Already pulled out $12m in dividends”
Video
Masters of Debt: How I bought a $5m SaaS Company Using Debt, Grew to $20m - Slide Deck
Brad is a serial entrepreneur who has successfully bought, built and sold several companies with extreme focus on capital efficiency. Most recently, he grew ATI revenue 400% (both organic and through acquisitions) with 37% EBITDA margins, with investors making 9x ROI upon exit. Prior to that, he built Silversky from startup to $60mm revenue with $10mm in EBITDA. After recap with Goldman Sachs at $150mm pre money value, Silversky was later sold to BAE for $250mm. Prior to Silversky, he built PRG (prg.com) from $30 mm to $350mm in revenue in 2 years via roll up strategy with 24 acquisitions. He also engineered PRG recap at $350mm value. He has also served as an active board member at SeeClickFix (sold for $22mm) and Palomar Technologies (sold for $200mm).
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Brad Miller CEO of AwarenessTech I bought a $5m SaaS Company, M&A for Growth, $12m+ Dividends … Grew to $20m, Then Flipped for a Huge Gain Founder500, Sept 2022
AwarenessTech Revenue Growth
AwarenessTech Revenue Growth Moved from 1 time to recurring … profits soared 2011 $7m in revenue $1m in profits
AwarenessTech Revenue Growth You should want profits… … profits soared 2012 2012: Paid out $1m in dividends 2014: $3m dividends 2016: $6m dividends
AwarenessTech Revenue Growth In-Organic Growth via M&A … profits soared 2016 Bought business for $3m $100k/m in MRR, grew to $300k MRR
AwarenessTech Revenue Growth In-Organic Growth via M&A … profits soared 2018 VC’s bought for $45m in 2008 $15m ARR, $6m profits Brad bought for $3.5m in 2018 (with $10m ARR) Went from losing $2m to making $1.5m with staff cuts (60 down to 30)
AwarenessTech Revenue Growth Sold for $35m … huge financial win 2020 …. Already pulled out $12m in dividends
AwarenessTech Revenue Growth
Brad Miller CEO of AwarenessTech I bought a $5m SaaS Company, M&A for Growth, $12m+ Dividends … Grew to $20m, Then Flipped for a Huge Gain Founder500, Sept 2022