Internet Security Company / Property Management App Companyby Brad Miller
Brad Miller is a serial acquirer of underperforming SaaS companies. He bought an internet security SaaS company doing $5-6M in revenue for approximately $5.5M in equity and $1M in debt, then converted it from a perpetual license model to subscription recurring revenue, which increased revenue 40% overnight and turned the business profitable within a year. He later bought a bootstrapped property management app doing $3M revenue at a $6M pre-money valuation (2021), which grew to $7M ARR within a year through geographic expansion beyond Chicago.
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