Ecommerce storefront for car dealers to engage with potential buyers and sellers. Web site is 2-4 times as effective as traditional dealer web sites at converting visitors to actionable leads to sell cars. Design, user experience, and technology is better than any other provider in the space.
Average revenue per customer $1,373 per month. Lifetime value $63,840. Cost of acquisition $7,987
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I am an experienced successful entrepreneur and founder in the SaaS space. I have been appointed as CEO of a SaaS company with incredible potential. Market leading technology with proven product market fit, growing even desperate customer need, multibillion dollar addressable market, and great SaaS metrics (but with very poor support and an underinvestment in people). Sounds great right? But. The owners are at war, suing each other, and are probably a couple of weeks away from destroying the company. I have the support of the 51% owner to buy the company at a distressed price (far under true value), but I might need to come up with some cash to get the other owner on board. For that I’m going to need an angel who understands SaaS, and has an ability to make a decision and provide $500K-$1M as a convertible note in a matter of weeks.
Angel or VC that can make a quick decision on a $250K-1M convertible note.
Annual P&L summary reports
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