← RECEIPTSTURNAROUND
── THE BUILD · NOTCH

From a marketplace to SaaS and payments.

Notch was a restaurant-supply marketplace that collapsed when COVID hit. A new CEO hired me to find a new model, not to scale one that already worked, and the North America pivot was the mandate.

VP, Sales & Customer Success, North AmericaNotch, formerly Chef Hero, rebuilt itself from a wholesale food marketplace into a B2B SaaS and payments platform for restaurants and distributors, order and invoice management, AR and AP automation, and B2B payments. It has raised about $39M.
── THE BRANDS IN THE ROOM
Ghost Kitchen Brands
Oliver & Bonacini
Paramount Fine Foods
Gusto 54
The Butcher Shoppe
Banh Mi Boys

Publicly-named Notch customers.

── THE RECEIPTS
$39M
raised (public)
SaaS + payments
from a dead marketplace
US + Canada
two-country org
Turnaround
economics flipped
── THE SHIFT
BEFORE
A wholesale food marketplace COVID killed
Paper invoices and paper inventory
Underwater unit economics
AFTER
A B2B SaaS and payments platform
Orders, invoices, AR and AP online
Healthy unit economics
── THE PROBLEM

The marketplace model was dead. The company had to find a new one or fold, and the obvious order-management angle did not scale. The real, unsolved problem was a paper-based supply chain no one had digitized.

── HOW I RAN THE LOOP
01
Solve
Find the seam, frame it as a workflow

The seam was where the pain actually lived, inventory and accounts receivable across restaurants, suppliers, and distributors, and the company pivoted to SaaS around it.

02
Stack
Buy the plumbing, build the edge

We rebuilt the product from the ground up off direct customer and distributor feedback, order and invoice management, AR and AP automation, the payment rails a paper-based supply chain never had, then built three motions on top: product-led, enterprise, and lifecycle.

03
Split
Cut the drag, keep the judgment

It took the hard structural calls people avoid, closing one office, opening another, then a disciplined retreat from the US to protect the brand, and keeping the team rowing together through the change.

── THE ARC

How the build unfolded.

01
COVID collapses the marketplace
02
Found the model: inventory, AR and AP
03
Rebuilt the product from the ground up
04
Built the payment rails a paper supply chain never had
05
Product-led, enterprise, and lifecycle motions
06
Marketplace to SaaS and payments
── THE OUTCOME

What I owned, and what it produced.

The whole commercial number, and the receipts it threw off. Pick a lens.

Rebuilt a dying marketplace into a real SaaS business, and the multiple followed.

6x
+500%
a 2x marketplace to a 6x SaaS business
REVENUE MULTIPLE, MARKETPLACE TO SaaS
StartNow
BY THE NUMBERS
45 to 70%
gross margin, a real SaaS business
145%
year-over-year growth during the pivot
24 to 11
months, CAC payback
0 to 25
person revenue org, built from scratch
── MORE BUILDS

See how it played out elsewhere.

── RUN THE SAME LOOP

Same method, on your workflow.

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