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Remember that bit about how IT Glue nearly went broke back in 2014? Like many entrepreneurs on the edge, Day turned to his parents and friends for financial aid at the time, offering them each a 10 percent ownership stake for $50,000.
“They said no,” Day recalled during his Monday morning GlueCon keynote. “They are very regretful.”
Day kept IT Glue afloat with the help of a small business loan from the Canadian government, which he paid back in nine months. Since then, he later revealed to ChannelPro, many of the people who rebuffed his plea for cash four years ago have generously volunteered to accept the same deal he offered them earlier.
“After [the loan] was paid off, they were like, ‘oh, man, you guys are really growing fast. Do you want me to put some money in?’ I was like, ‘too late. I’m good now.’”
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Speaking with ChannelPro earlier this week, the IT Glue CEO revealed that he’s open to more deals like his alliance with Kaseya, may soon offer licenses in smaller quantities, and thinks “disruptive-style pricing” could be the key to selling more MyGlue seats.
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That’s according to CEO Fred Voccola (pictured), who spoke about those plans, Kaseya’s strategic ambition to sell MSPs everything they use, rising mid-market demand for managed services, and much more in a recent interview with ChannelPro.