Everything Dan Ruch said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Employees biologically optimize for comfort within corporate policy limits, says Dan Ruch
“Companies employ human beings and human beings by definition, biologically, we're lazy and selfish. And this isn't a good or a bad thing. This is self-preservation. We always optimize for comfort and convenience within the limits of policy and because that's h…”
RocketTrip will process $1B in corporate travel expenses within 24 months
“I don't know if it's 12 months or 24 months, but we'll break it for sure.”
RocketTrip manages tens of millions of dollars in monthly travel spend
“It's tens of millions of dollars a month.”
RocketTrip's managed travel spend is growing roughly 20% month-over-month
“About 20% month over month.”
RocketTrip offers employees incentives to choose cheaper corporate travel options
“What we do is in a very lean forward pro proactive non draconian way, We start offering employees a reasonable incentive to choose something different than what they would have done otherwise. This isn't about motivating employees to do what they should do. Wh…”
Corporate travel spend averages $1M per 500 employees, says Dan Ruch
“Generally speaking, though, as a rule of thumb, there's about a million dollars worth of travel for every 500 employees, but that can move around quite a bit.”
RocketTrip charges a 2% management fee on all corporate travel spend
“Every customer pays us two percent of travel spend on a management.”
Google spent nearly $1B annually on corporate travel in 2008
“So at Google back in 2008, they came up with the concept of, you know, Hey, we're spending close to a billion dollars in travel every year back then.”
The creator of Google's internal travel program currently advises RocketTrip
“The guy who built the program at Google is now an advisor to the company. So so we built it in part with him.”
RocketTrip currently serves roughly 70 to 80 enterprise customers
“About 70, 80 enterprise customers.”
Fortune 500 companies account for 40% of global corporate travel spend
“Well, globally, globally on travel, it's a one and a quarter trillion dollar market. The Fortune 500 is probably, call it 30 to 40% of that.”
Software percentage fees generate over 50% of RocketTrip's total revenue
“Percentage model makes up somewhere between, you know, it's over 50% of our revenue.”
Top Founders 2