Zac Bookman

CEO of OpenGov, a cloud and AI solutions provider for U.S. state and local governments.

Mentions

Appeared in

Discussed in

Key positions and views

The govtech market is ripe for disruption, specifically by replacing legacy systems from giants like Oracle and competing head-on with established players like Tyler Technologies.

AI will be rapidly adopted by governments to augment existing staff and fill critical shortages, not to replace workers, in functions like permitting and plan review.

Overcoming extreme adversity, including near-bankruptcies and a failed acquisition attempt, is a foundational element of a company's path to success in a difficult market.

Strategic M&A is a core component of innovation and growth, allowing a company to acquire technology and market share more quickly than through internal R&D alone.

The future of software valuation lies in profitability and EBITDA, marking a shift away from what he calls the 'total fiction' of revenue-multiple-based valuations common in the last decade.

Podcast consensus on Bookman

Points of consensus

▶OpenGov's significant role in overhauling the permitting and licensing systems for the City and County of San Francisco is a consistent point of emphasis across multiple appearances.Apr 2026

▶Bookman repeatedly highlights OpenGov's work with the city of Los Angeles in preparation for the 2028 Olympics.Apr 2026

▶The competitive positioning of OpenGov as a primary 'insurgent' challenger to the market incumbent, Tyler Technologies, is a recurring narrative.Apr 2026

▶Bookman consistently claims that government agencies are adopting AI technology at a faster rate than they previously adopted cloud computing.Apr 2026

Points of debate

▶Bookman's narrative presents a contrast between periods of extreme financial distress, such as running out of money in 2015 and burning $23 million in 2019, and periods of hyper-growth, such as a 29% growth rate in 2023 and an acquired product's ARR increasing nearly tenfold.Apr 2026

▶There is a significant discrepancy in OpenGov's valuation over a short period, with an investor valuing it at approximately $800 million just two months before Cox Enterprises acquired it for $1.8 billion, suggesting a debate or rapid shift in how its value was perceived.Apr 2026

▶Bookman frames M&A as a key innovation strategy, citing the acquisition of 10 companies, while also detailing a near-catastrophic experience where OpenGov itself was the target of a failed acquisition by a SPAC.Apr 2026

▶He characterizes the government market as being significantly more difficult to sell into than the private sector, yet simultaneously portrays it as a massive opportunity ripe for disruption due to legacy technology and accelerating tech adoption.Apr 2026

Key themes

▶The GovTech InsurgencyApr 2026

Bookman consistently frames OpenGov's mission as a disruptive force against entrenched, legacy technology providers in the government sector. He frequently names incumbents like Oracle and Tyler Technologies as the old guard whose systems OpenGov aims to replace with modern, cloud-based ERP and AI solutions.

This 'insurgent' narrative is a powerful tool for fundraising, talent acquisition, and sales, positioning OpenGov as a nimble innovator in a traditionally slow-moving and change-resistant market.

▶Navigating Near-Death Experiences

A recurring theme is OpenGov's journey through severe financial and strategic challenges. Bookman details a 2015 funding crisis solved by Emerson Collective, a 2019 period of burning as much cash as the revenue generated, and a failed acquisition by a SPAC that resulted in a lawsuit.

Bookman's transparency about these struggles highlights the unique difficulties of the govtech vertical, such as long sales cycles and lumpy cash flows, and serves to build a narrative of resilience that culminated in a successful $1.8 billion exit.

▶M&A as a Growth and Innovation EngineApr 2026

Bookman describes acquiring approximately 10 companies as a core part of OpenGov's innovation strategy. He provides specific examples of success, such as an acquired permitting product that grew from $4.5 million to $40 million in ARR, demonstrating that M&A is not just for market consolidation but also for product enhancement.

This suggests OpenGov's growth model is a hybrid of organic sales and strategic roll-ups, allowing it to rapidly enter new product categories and acquire technology that would be slow to build internally, a key factor in its ability to compete with larger rivals.

▶The AI-Powered Government

Bookman speaks extensively about the rapid adoption of AI by government agencies, which he claims is happening faster than the previous shift to the cloud. He highlights practical applications, such as using AI for building plan reviews to speed up permitting and to augment staff rather than replace them.

By positioning OpenGov at the forefront of this next technological wave, Bookman frames the company not just as a cloud software provider but as an AI innovator, likely increasing its strategic value and contributing to its high acquisition price.

Source episodes

Sentiment over time

Not enough data for timeline

Changes over time

c. 2012

The founding of OpenGov is motivated by the bankruptcies of several California cities and the observation of outdated government technology, such as COBOL-based accounting systems.

2013

OpenGov secures its first-ever contract, an $1,800 deal with Lone Pine, California, and achieves $200,000 in annual recurring revenue.

2014-2015

Andreessen Horowitz invests and Marc Andreessen joins the board. The company faces a near-failure event, running out of money before being saved by an investment from Emerson Collective.

2018-2019

A SPAC named GTY presents a letter of intent to acquire OpenGov for $250 million but later cuts them out of the deal. The company faces another period of financial distress, with cash burn equal to its annual revenue of $23 million.

Post-2019

OpenGov successfully sues the SPAC GTY, receiving a $6 million settlement. The business benefits from accelerated technology adoption by local governments during the COVID-19 pandemic.

2024

After an unnamed investor values the company at approximately $800 million, OpenGov is acquired by Cox Enterprises for $1.8 billion just two months later.

Suggested prompts

How did OpenGov's early, unsustainable unit economics shape its long-term strategy for pricing and customer acquisition in the government sector? &nearr;Analyze the strategic rationale behind Cox Enterprises' $1.8 billion acquisition of OpenGov, especially given the recent ~$800 million valuation from another investor. &nearr;To what extent has OpenGov's strategy of acquiring smaller companies been more critical to its growth than its organic efforts to displace incumbents like Oracle and Tyler Technologies? &nearr;Evaluate Zac Bookman's prediction that software business models will shift from revenue-multiple valuations to EBITDA-based valuations in the context of the broader tech market and OpenGov's own history. &nearr;

Key concepts

OpenGov Company History 3 ep GovTech Market Analysis 3 ep Competitor Landscape (Tyler, Granicus, etc.) 2 ep Mergers & Acquisitions (M&A) 2 ep Venture Capital & Fundraising 2 ep AI in Government 1 ep Government Permitting & Licensing 2 ep SaaS Business Models & Economics 2 ep San Francisco Government 2 ep Los Angeles 2028 Olympics 2 ep

Notable quotes

“[0:00:00 -> 0:00:04] They did their analysis and said, the company's probably worth like 800 million. So we'll offer [0:00:04 -> 0:00:08] 800. I said, that's not going to get the deal done with this other investor. And they didn't flex, [0:00:08 -> 0:00:13] didn't do the deal. And two months later, companies 1.8 billion.”

Zac Bookman · OpenGov CEO Zac Bookman - Govtech, Data Access, and AI transformation

“we're spending 50,000 bucks to get a customer and another 40,000 to deploy it. And we're only charging 15K.”

Zac Bookman · The Unlikely Path to Building a Billion-Dollar Gov Tech Company | Zac Bookman

“maybe we can get operating margins to 30 40 percent and and we trade on EBITDA and this has been a total fiction the last 10 years trading on revenue and all this stuff”

Zach Bookman · AI for Public Good with OpenGov & Flock Safety

“And so I almost lost the company in 15 and Laureen Jobs came in and put some money in and saved it with Emerson Collective.”

Zac Bookman · The Unlikely Path to Building a Billion-Dollar Gov Tech Company | Zac Bookman

Report last updated: Apr 21, 2026

Get started free

Back to Entities Intelligence Report