Johnson: Revi grew 50% month-over-month from January 2019 to March 2020
“We grew about 50% a month, every single month from January of 2019 all the way up to March of 2020.”
Johnson: Revi's business dropped 80% to 90% overnight in March 2020
“Essentially we dropped like 90, 80, 90% almost overnight.”
Johnson bought Bitcoin in 2013 at an average price of $200
“So my average Bitcoin price was like 200 dollars a coin.”
Johnson: A company is AI-native only if removing LLMs breaks it
“The way to answer that question, whether you're an AI native or AI adjacent, is really simple. If the LLMs, all of the LLMs on the planet disappeared, would your company, would your department, would your role continue As, you know, as if nothing happened, or …”
Johnson: Grubhub spent $1B on kiosks before killing the project
“Grubhub put a billion dollars into that flow and then killed it 18 months later.”
Johnson built a prototype of a competitor's platform in 24 hours
“And I built their entire platform, myself, in 24 hours, the entire prototype of that platform, and then pass it to engineers to start the process of developing it.”
Revi will offer a competitor's $500-a-month SaaS product for free
“We are actually an infrastructure product, so I don't really care whether we make any money from the product itself, the software, so I'm gonna pump that entire market and throw a ton of money behind it at no cost. I'm literally gonna make that product free.”
Johnson: Early-Stage Startups Should Hire Fewer, Higher-Paid People
“If I were to start over, that those first five, 10 people that I brought into the company, I would spend more and hire less. Versus hiring more and spending less per person. So if I had a million dollar budget, instead of trying to hire 10 people who can, I ca…”
Johnson: Revi targets $1B in transaction volume in 2026
“You know, our goal is a billion dollars in transactions in 2026 alone.”
Johnson is an active pastor alongside serving as Revi CEO
“People don't know, not everybody knows this, but I'm a CEO and I'm a pastor.”
Eugene Johnson: A Founder's Core Job Is Emotional Control Under Pressure
“Your job as a CEO, as a founder, is to train emotional control under pressure. Most founders and CEOs are on an emotional rollercoaster.”
Eugene Johnson: Leaders Must Absorb Fear Without Leaking It Downstream
“You just gotta learn how to absorb fear without, like, letting it leak downstream.”
Johnson: Revi uses POS data for automated customer marketing campaigns
“What we do is we facilitate transactions, but instead of just stopping at the facilitation of transactions, we leverage the data almost in an e-commerce style process to drive those customers back into this door to get them to spend more and essentially get cu…”
Johnson: Revi charges merchants a transaction fee of around 1%
“It depends on their volume, but it's usually around one percent.”
Johnson: Revi hardware costs $500 and pays back in 3-4 months
“It costs us about 500 bucks to purchase all the hardware. We usually make our money back within, you know, three or four months.”
Johnson: Revi earns a sweet spot of $1,000 monthly per merchant
“I would say a thousand is a sweet spot, you know, that's probably where most people land.”
Johnson: Revi grows Gross Merchandise Value by 10% to 15% month-over-month
“So, you know, basically we grow about 15, you know, 10 to 15% month over month.”
Eugene Johnson: Revi grew GMV from $2M in 2019 to $15M in 2021
“So to put it in perspective, in 2019, we did two million dollars in GMV. In 2020, we did five. This year we're on track to do 15.”
Johnson: Personally invested $250k of own capital into Revi
“I put in personally, I put in about a quarter million dollars and then we raised.”
Johnson: Revi has raised $4 million to date across pre-seed and seed rounds
“So we raised A pre-seed of about a million and then a seed round of about two million. What year? About four million dollars to date.”
Johnson: Personally owns 25% to 30% of Revi
“No, no, no. It's more in the 25, 30% range.”