Booker
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2021 2 mentions in 1 episode
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11 statements about Booker, every show
Pollaro: MindBody bought Booker to expand into appointment-based salon and spa verticals
“Well, I think actually Booker came with a company that does a little bit of what we do called Frederick. But really they were looking to expand their capabilities on the appointment side. So MindBody does a lot in class-based fitness, but they didn't have a ve…”
McCarter: Frederick add-on delivers 14x ROI based on monthly bookings
“Super high conversion and retention metrics with existing super high being like, you know, call it 14 times ROI, just based on the bookings that are generated through Frederick on a monthly basis.”
McCarter: 50% of Booker's churn is SMBs going out of business
“And I can also tell you that 50% of our churn is actually people going out of business.”
McCarter: Booker's monthly customer churn is below 2%
“What I can tell you is that typically SMB businesses are, or SMB SaaS businesses churn at a very high rate, you know, north of two percent, some up to five percent. Monthly, right? Yeah, monthly. I can tell you we are below the low end of that.”
McCarter: Booker has 24 months of cash runway
“And so now we're, you know, it's really about, I got, you know, 24 months of execution in front of me. And . Does that mean 24 months of runway? Yeah, 24 months of runway.”
McCarter: Booker processed nearly $3.5B across 10,000 locations in 2016
“And we did last year, we did almost three and a half billion dollars of transactions across the 10,000 locations.”
McCarter: Booker has 10,000 live locations and 2,000 on Frederick
“So we have about 10,000 locations that are live on the on, on Booker, and about 2000 that are on Frederick.”
McCarter: Booker generated low single millions in revenue in 2011
“You know, we were in the low single millions.”
McCarter: Booker raised nearly $80M across three financing rounds
“We're just shy of eighty million at this point. We've done three, three rounds of financing.”
McCarter: Booker charges $100-$250 per month plus merchant processing fees
“We charge anywhere from call it a hundred to 250 bucks a month for the subscription revenue. Then we also make money on merchant processing. We have several integrated merchant processing partners. And then the third piece is we sell a add on product called Fr…”