Everything Alvaro Larrinaga said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Larrinaga: Be Pretty has 3,500 paying salon customers across Latin America
“We have 3500 beauty salons all over Latin America.”
Be Pretty charges salons 8% to 9% commission, averaging $85 monthly
“We charge them, it's around eight to nine percent of all the beauty services they do through our platform, and that's approximately in US dollars, that's 80 dollars a month, 90 dollars a month per salon, depending on the markets, but that's an average.”
Larrinaga: Be Pretty grew revenue 3.6x year-over-year
“We grew three times. A bit more. It's 3.6 times exactly our year growth. We opened two new markets this new year.”
Larrinaga: Chile is Be Pretty's best market with 1,400 salons
“Today it's still our best market, but we have 1400 salons.”
Larrinaga: Be Pretty has reached break-even in Chile
“Chile, it's a market we are already on a break even.”
Alvaro Larrinaga: Be Pretty burns $100,000 per month
“A hundred grand a month.”
Investors offered $7M, but Be Pretty capped the round at $5M
“We don't want more than five million. We are, they want to invest seven. We want five.”
Larrinaga: Be Pretty is targeting a $25M valuation
“Basically when raising the money right now, we're thinking or thinking Talking about a twenty five million dollar valuation.”
Larrinaga: Be Pretty experiences approximately 18% annual salon churn
“So our churn, it's approximately the 18% annual churn.”
Larrinaga: Be Pretty acquires new salons for approximately $125 each
“No, it's a 125 dollars, more or less, per salon.”
90% of Be Pretty's marketplace users are women aged 20 to 45
“90% of our users are women between 20 and 45 years old looking for beauty services.”
Alvaro Larrinaga: Be Pretty has raised $4M in capital
“We've raised over four million dollars. So basically four million, yeah.”
Larrinaga: Be Pretty only charges fees on platform-generated clients
“Yeah, but we don't charge the fee on, on all of the, on all of our bookings, so we only charge fees on the clients that we generate.”