LogicBayby John Panna Chone
LogicBay is a partner relationship management (PRM) software company founded in 2003 by John Panna Chone, built from a spun-out US government contract worth $3M that couldn't transfer to an acquiring company. After 15 years of bootstrapping and selective fundraising ($2.5M equity, $3M debt), the company serves ~60 customers with 99% renewal rates, 5% annual logo churn, and generates $10-15M ARR with 10-15% YoY growth. The business focuses on wallet expansion within existing Fortune 500 customers rather than new account acquisition, achieving 90%+ net revenue retention and profitability at 10% EBITDA.
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