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So highlights from 2023 include significant growth in our subscription and services revenue through a down market, materially lower expenses, a return to profitability, a stronger balance sheet, we have more US dollar resources and less debt as we enter 2024, and we did this all while accelerating our product velocity.
We typically invest between $5 million and $30 million in businesses generating between $2 million and $15 million in EBITDA through majority recap, minority growth capital, and debt/equity solutions. Zucker (“Zucker”), who serves as Managing Partner, and made his first private company investment in 1994.
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