Locker
other on 1 show · 28 statements across 2 episodes · said 53 times in 2 episodes since 2023
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28 statements about Locker, every show
Locker Reaches 75,000 Users with Revenue Covering 50% of Burn
“We have 75,000 users. 50% of our burn is covered with our monthly revenue, so like, we are capital efficient, we have users, they're doing what we want them to be doing, so we've created these inclinations of initial product market fit”
Locker Secured a $500,000 Check from a Silent Angel Investor
“We got a 500 K check from another strategic angel. They're a silent angel. They're just a high net worth individual. One of my dad's friends. And I was talking to them about the platform and I was showing them how it worked and I like was explaining and he was…”
Locker Rejected a $1 Million Term Sheet at a $5M Valuation
“We received a term sheet while I was on my honeymoon from a fund. The one thing with the term sheet is that the terms were not agreeable. It was a million dollar term sheet for a five million dollar valuation. So we ultimately ended up walking away from that t…”
Diamond Would Have Invested If Locker Raised $1M at $6M-$7M Cap
“If she came in and was like, I'm raising a million on six or seven million cap, and we are going to get to half a million users, and here's how we're going to do it, and she had that conviction, I would be more inclined.”
Bsharah Praises Locker for Retaining 25% of Chrome Extension Users Monthly
“The top part of the funnel was good. Like, I mean, for a Chrome extension, you've got 25% of people who've ever downloaded, like, they're actively every month. That feels pretty strong, but everything below that was missing, right?”
Bsharah Passes on Locker Over Concerns About User Retention and Lock-In
“And my, I think one of my bigger concerns is how you become sticky. I think shoppers, they're fickle. They go to the next shiny object when something comes along. And I haven't seen that thing that makes you that like that, that locks these people in in a way …”
Manus Passes on Locker Due to Lack of Domain Expertise
“So I'm out and I'll tell you why. I don't have a grasp of this category in order to add any value or be able to assess it properly.”
Diamond: Raising $3M at $10M to $15M Valuation Will Be Tough
“I think it's going to be difficult to raise three million dollars. I mean, not impossible. I mean, I've seen crazier things happen, but in this market environment, based on where you are raising three on a 10 or 15 is going to be tough.”
Competitor Nate Raised Over $50M Before Shutting Down in January
“They raised over fifty million dollars and closed their doors January of this year and laid off their entire team.”
Diamond: High Engagement Rivals Pinterest Even Without Direct Purchase Conversion
“I don't even care so much about the conversion into an actual purchase, but if, like Pinterest, there's people who go on there every day four times a day and never purchase anything, but that engagement is really powerful.”
Locker Has 2,000 DAUs, 11,000 MAUs, and 30-Minute Daily Engagement
“We have 2000 daily active users. We're at 11,000 monthly active users, and of those users, the engagement we know is that they come to the platform and spend an average of 30 minutes a day, whether they're browsing the Discover feed, their own profile, or othe…”
Christine Locker Invested $250K Personally Before Raising a $1M Angel Round
“I put 250,000 of my own money into the company to get it to our first 10,000 users. Then I raised a million from an angel investor who was a user of the platform in June of 2022.”
Locker Founder: LTK and ShopMy Gatekeep Influencer Curation and Earnings
“Platforms like LTK, ShopMy have gatekept who gets to be an influencer and curate and earn off of their recommendations.”
Locker Generated $300,000 in GMV in Its First Three Months
“So we turned on monetization three months ago, and in those last three months we've generated 300 K in GMV.”
Locker Is Raising a $3 Million Seed Round
“We are raising three million dollars to invest in the people and the product that will continue to capture the one trillion dollar online shopping market.”
Locker Reaches 40,000 Users and 1 Million Saved Products
“Our 40,000 users have organically saved over one million products to the platform”
Howie Diamond Would Consider Locker at $1M on $6M to $7M Cap
“If she came in and was like, I'm raising a million on six or seven million cap, and we are going to get to half a million users, and here's how we're going to do it, and she had that conviction, I would be more inclined.”
Bsharah: Locker Chrome Extension Retains 25% of Downloaders Monthly
“The top part of the funnel was good. Like, I mean, for a Chrome extension, you've got 25% of people who've ever downloaded, like, they're actively every month. That feels pretty strong, but everything below that was missing, right?”
Locker: Saved product links create high switching costs for shoppers
“Once you capture a user and now that's their memory bank of all the things that they want to buy to then have them switch over to a different platform, it's, I've got all of my favorite things that I shop in there. So now you have a hundred links, like, It wou…”
Bsharah: Online shoppers are fickle and lack platform loyalty
“I think shoppers, they're fickle. They go to the next shiny object when something comes along. And I haven't seen that thing that makes you that, like, that, that locks these people in in a way that they don't want to leave. And so for that, like, I, this woul…”
Diamond: Locker will struggle raising $3M at $10M-$15M valuation
“I think it's going to be difficult to raise three million dollars. I mean, not impossible. I mean, I've seen crazier things happen, but in this market environment, based on where you are raising three on a 10 or 15 is going to be tough.”
Locker reports 2,000 DAU, 11,000 MAU, and 30-minute daily user engagement
“Yeah, so we have 2000 daily active users. We're at 11,000 monthly active users, and of those users, the engagement we know is that they come to the platform and spend an average of 30 minutes a day, whether they're browsing the Discover feed, their own profile…”
Locker generated $9k, $11k, and $13k in its first three months of monetization
“Revenue, we turned on revenue three months ago. In the first month of turning on revenue, we generated nine K, in the second month it was 11, and in the last month it was 13 K.”
Christine Locker Invested $250K Personal Capital and Raised $1M Angel Round
“So I put 250,000 of my own money into the company to get it to our first 10,000 users. Then I raised a million from an angel investor who was a user of the platform in June of twenty-twenty-two.”
Locker's user base is 95% female and primarily aged 18 to 27
“Our core group is 18 to 27. We skew 95% female, and our secondary group is 28 to 34.”
Locker Generated $300K in GMV in First Three Months of Monetization
“So we turned on monetization three months ago, and in those last three months we've generated 300 K in GMV.”