Everything Chelsea Brownridge said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Brownridge: DogSpot projects $100M ARR with 10,000 units in five years
“So we're able to reach a hundred million annual recurring revenue with 10,000 houses out. We have a five-year plan to get there.”
Brownridge: DogSpot's UV lights eliminate dog flu and kennel cough between stays
“So there's a UV light sanitation in the roof of the house, which takes care of dog flu, kennel cough, any communicable disease that goes off between every single stay, and once a day it gets what we call a daily spot check.”
Brownridge: 87% of dogs go on weekly errands with their owners
“87% of dogs are going on errands with their owners every week. 38% are going every single day.”
Brownridge: 60% of stores are legally prohibited from allowing dogs inside
“And the problem they're running into is about 60% of stores are legally prohibited from allowing dogs inside because of federal health regulations.”
Brownridge: DogSpot generates $15K MRR across 65 units in 14 states
“We've got 65 of these across the United States in 14 states creating 15,000 in monthly recurring revenue today.”
Brownridge: DogSpot units generate $10,000 annually at 75% margin
“And so with all three activated, we're able to make a little over 10,000 dollars a year per house at 75% margins. Our payback period is 60 days, and we break even at 24 minutes per house per day.”
Brownridge: DogSpot hits breakeven at 365 deployed units and $250K MRR
“When we're at 300 it would be 365 houses deployed, we'll be at a point where we're covering our operational costs, which is around 250,000 dollars monthly recurring revenue.”
Brownridge: DogSpot has zero in-house dog accidents over two years
“So in two years, we've never had a dog have an accident inside the house.”
Brownridge: DogSpot previously raised rounds at $6M and $9M valuations
“We've raised previously at six and nine, so that's what we're valued at.”
Brownridge: 40% of DogSpot users switched shopping locations to use units
“So we did a one-year pilot program all around Brooklyn with 50 houses, and what we learned in that time after surveying our members, 40% of them reported switching where they shopped based on where the dog spot was available.”
Brownridge: DogSpot manufactures next 300 dog houses at $1,650 unit cost
“We're making our next 300 houses now with a manufacturer in New Hampshire, and those unit costs are 1650.”
THE PITCHLEDGER