QuickOrder
company on 1 show · 21 statements across 2 episodes · said 32 times in 2 episodes since 2020
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Top Founders 32
2021 14 mentions in 1 episode
2020 18 mentions in 1 episode
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21 statements about QuickOrder, every show
Betterkop: Running a Scaling Startup as a Democracy Slows the Business Down
“The importance of not making everything a democracy in the business. And sometimes as a leader, you gotta make decisions. You can't talk everything out. So be more decisive. And we kind of had a tendency, you know, in the early days with my founders that we ta…”
Betterkop: QuickOrder sets sales rep quotas at 3x salary
“So they do three times their annual salary.”
QuickOrder targets raising $20M+ in Series A funding
“So a minimum of ten million US dollars, but indications right now is that the market with the right multiple is willing to put in between 20 and thirty million US dollars. So, so it would probably be plus 20.”
Betterkop owns between 5% and 10% equity in QuickOrder post-merger
“So I set up between five and 10%.”
Betterkop: QuickOrder's merger with WeOrder was roughly a 50-50 split
“So it's a bit more than 50%, but it was roughly a fifty-fifty split.”
QuickOrder has raised between $4 million and $5 million total
“We raised both in in early 2020 and late 20 20 around the same amount, both times. And then that, that's kind of it. So a total of, I guess, calculated two US dollars is like somewhere between four and five million dollars total.”
Betterkop: QuickOrder ARPU surpasses $500 per month
“So our average revenue per client is up to above 500 US dollars. Per month. Whereas last time we talked, it was just below 300, if I recall correctly.”
Betterkop: QuickOrder surpasses $500k in monthly revenue
“Now we are at plus 500 per month and our, that comes both from new business, but it also comes from our existing clients growing.”
Vejderkop: QuickOrder bought back 50% equity stake dollar-for-dollar
“So we kind of pressured him out and he accepted to take the money we put down dollar by dollar and give us all the shares back.”
Vejderkop: QuickOrder gave up nearly 50% for $100k in 2015
“So today we diluted by 30% total. But prior to that, before I fixed the dog up, I did really early on. We were diluted like nearly half, it was like money takes close to half of the business for a hundred K dollars.”
Vejderkop: Metro Accelerator rejected QuickOrder due to broken cap table
“So when Metro Accelerator came around a couple of years in, and wonders of us on we actually went to the selection day, but got turned down because of our cap table in the end and had to fix that.”
QuickOrder Reports Fully Weighted CAC of $2,000
“So if you factor everything in with salary and onboarding and ad spend our CAC right now is 2000 dollars.”
Vejderkop: QuickOrder raised additional $1.5 million
“We raised another 1.5 million dollars ish. So in Danish it's just around 10. So 1.5 calculated into dollars.”
Vejderkop: QuickOrder averages $283 per location across 1,300 locations
“So we are now at 283 US dollars per location, and that puts us at just around 1300 locations all across Dynamics.”
Vejderkop: QuickOrder generates $368k in monthly recurring revenue
“So we are now at 368 came on pretty quick revenue.”