Our thesis centers on investing in an organization’s products, people, and customer base. Unlike traditional investment firms, we are overwhelmingly focused on organic growth, not on financial engineering, cost cutting, or inorganic M&A.

Investing

Investment Criteria

We evaluate SaaS companies across a small number of metrics, with emphasis on product strength, customer retention, capital efficiency, and market position.

Criteria

Details

Size / Stage
$2M - $10M in ARR
Retention
>85% annual customer retention
Profitability
Breakeven or better
Investment Type
Open to majority / control investment
Capital to Date
Limited outside capital
Growth
No minimum threshold
  • What we Look For

    We work with founder-led, often bootstrapped, companies that are seeking a reliable buyer and a good home where their business and its people will thrive.
  • How we Transact

    We’ve been in the Operator’s shoes—and know a transaction with institutional investors need not be contentious. So we offer seller-friendly deal structures and an efficient, targeted diligence process.
  • How we Engage

    We go where we are best positioned to help, with intentionality and without heroics, turning only a few high-impact dials to unlock growth.

Lock 8 Learnings

While transactions are a part of the process, Lock 8’s primary focus is on creating enduring value, a healthy enterprise, and a vibrant operational culture.

We see “operations” as more than just back-office operations–operating expertise encompasses virtually all of the interrelated activities needed to grow a sustainable business.

We move with intent, establishing foundations first, before accelerating with conviction. Deliberate pace beats reckless speed.

We’re here to create lasting value–in businesses, operating teams, and ourselves. We build deliberately, with care, for the long term.

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The year is 2026

In their own words

“Lock 8’s model blends experienced coaching with genuine autonomy for CEOs to make the right choices to drive growth.”

Mark TrumanCEO, EnergySys

“Lock 8’s guidance around reconceiving our brand, building a repeatable sales capability, and investing in marketing has helped accelerate growth to a rate that we have never seen before.”

Steve ChongCOO, Projector PSA

“Lock 8 is an operator’s partner. When things get hard, they lean in, stay pragmatic, and roll up their sleeves alongside management.”

Caitlin BowenCEO, Prism PPM

“The entire team has a deep understanding of financials, operations, and positioning, and this provides the different perspectives a business needs to mature. In addition, everyone on the team has a strong emotional IQ, allowing them to drive initiatives forward while maintaining alignment.”

Paul MillerCEO, Relay

“I know we simply couldn’t and wouldn’t have turned the business into what it is today without Lock 8.”

Stephen DooganOwner-Operator, Real Life Sciences

Strategy

  • Recognizing Potential

    Lock 8 focuses on identifying promising companies with solid products and stable foundations that have yet to maximize their commercial impact.
  • Collaborating vs. Dictating

    Once we make a majority investment in a high-potential business, we collaborate with leadership to grow a business about which we can all be proud.
  • Transforming Operations

    We deploy a proven operating approach that is structured around a consistent set of core disciplines but flexible enough to embrace the uniqueness of each business, market, and operating context.
  • Maximizing Value

    Lock 8 helps owner-operators activate the next phase of their business’s evolution—scaling up to grow the value of their business deliberately, strategically, and for the long haul.

FAQs

Learn about our focused investment strategy.

While transactions are a part of the process, Lock 8’s primary focus is on creating enduring value–not on how soon we can sell a company. Leveraging our operating experience and expertise, we help our companies maximize their potential by partnering with leadership to implement thoughtful operational improvements and to nurture the development of a unifying organizational culture. Our role is to protect what’s working, strengthen what’s not, and leave things better than we found them.

First thing first, we seek to understand the product. Next, we focus on fundamentals–recurring revenue, gross-margin profile, customer retention, growth trajectory, and unit economics. We also spend a lot of time analyzing how we could help the business and what the resulting performance could be. Ultimately, we arrive at a valuation as a fair multiple of ARR or EBITDA. The majority of consideration is paid in cash at close, while providing you with the option to roll over a minority equity stake so you can share in the next chapter of value creation. 

Control shifts to Lock 8, but collaboration remains central. We engage with founders in an open conversation around whether and how they would like to remain involved in the business. Lock 8 is open to a range of outcomes on this front; our main objective is to minimize disruption from a transaction/transition and to optimize the potential of the business to perform over time.

Capital is only the first ingredient. We bring decades of experience as operators, expertise in scaling SaaS businesses, a vetted network of cross-functional execs, and a proven, flexible, and holistic operational framework that we implement in concert with leadership. Expect weekly working sessions in the first 90-180 days to align the team on a value-creation roadmap, followed by cadence calls and on-site sprints as goals evolve. We roll up our sleeves and work next to leadership as partners throughout the entire process.

Once we have access to a focused data room, initial term-sheet discussions usually conclude within 3-4 weeks. Confirmatory diligence and legal documentation add another 6–8 weeks, meaning most transactions sign and fund in roughly 45–60 days. We control our own capital (we don’t have a fundraising committee), so timing is driven chiefly by the speed at which both teams can complete diligence.

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