Everything Eric Berman said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Berman: Founders must prioritize reaching profitability despite what VCs advise
“I wish my twenty-year-old self knew that despite what these venture capitalists say, you got to get to profitability.”
Berman: Gary Vaynerchuk has a major digital marketing advantage over older gurus
“I think Gary's in a much, it's much, you know, a better situation, obviously, because the guru himself understands how to do online marketing. And that just means like he, he's constantly there doing stuff every second of the day. Whereas Brian, it's kind of, …”
Berman: CollegeClub.com grew to 400 employees and raised $75 million
“It was called a college club.com. We had grown to gosh yeah, about 400 employees raised seventy five million dollars.”
Berman: CollegeClub.com peaked as the 40th largest website on the internet
“And at one point we were the 40th biggest site in the web and really the number one pure college play website”
Berman: CollegeClub targeted $500M IPO before selling for ~$25M
“We were going to be going out at a half a billion at the IPO. And I think it ended up selling for about twenty five million through one of the competitors that we were going to buy. They bought us.”
Berman: Brandetize hit $4M revenue in 2015 and targets $5M in 2016
“The 2016 to be closer to five. Last year was closer to four.”
Berman: Brandetize requires client break-even and 3x ROI within two years
“We're going to be investing probably 30 to 50,000 dollars a month in salaries in your brand. So let's just do the math together. I need to make at least two X that and close to three X that over a period of, you know, maybe two X by the end of the first year, …”
Berman: Brandetize will cap company headcount at around 75 employees
“And I will never, never go back to 400 people. I like to, I'd say 75 is probably the max I want to hit out at.”