The Story Behind Jason Flick’s $100 Million Sale to WarnerMedia

Our jounreny to “own the glass”

• A solid overview of the pros and cons of raising money from a private equity group, venture capital firm, and a strategic partner.
• The definition of an A, B, C, and D round of funding and the dilution associated with each.
• Valuation benchmarks for both recurring and one-time revenue.
• A sneaky trick some SaaS companies use to boost their valuation.
• How to avoid the downward pressure on your valuation that comes with giving an investor the option to acquire your business.
• The danger of raising an investment round too early.
• An overview of the liquidation preferences most venture capitalists demand (and why they might upset your other investors).
• How Flick forced the hand of his investors into making a pre-emptive acquisition.

Jason Flick