Massive, massive milestone for Michael Steckler, Curtis Bailey, Adam Clark, and the entire Tradify team. Thanks to their leadership and hard work over the last decade, this transaction will deliver the largest cash return for Icehouse Ventures to date. >500 IV investors including those in our Seed Fund I and Growth Fund I will receive profits from this transaction. 20 will receive six figures and a few will receive seven. Read Chris Keall's article here: https://lnkd.in/gSidtQwj Or check out my thoughts and reflections here:
congrats to the Tradify team Michael Steckler, always looked up to you! and damn Robbie Paul the reflections at the bottom didn't disappoint, glad I opened the rest of the article!
Great result and love the write-up Robbie Paul - a good weaving in of other tech companies and their journeys, and you explained context and the way it happens for a wide interested audience. 🙏🏼
I remeber sitting next to the Tradify team for a while. Sure its great tech (which i love), but no one worked the phones harder than the Tradify team. Truly good thing come to those who hustle hard.
No overnight successes, 10 years seems to be what it takes for great results, well done Tradify and Icehouse Ventures 👍
Thank you Robbie and team and for supporting us on this journey
Brilliant news Robbie. I remember Tradify at the IH when it was a team of 1. Congrats Curtis, team and IHV.
Congrats to all for an amazing job, well done.
20 years in audit, finance and tax
3moExcellent news for not only for VC industry but for New Zealand. Your article gives a lot of insight, too. Question: in your second point, the multiple you are referring to is presumably recurring revenue? Or is it EBITDA?