Everything Gavin Wheeldon said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Wheeldon: Half of major global telcos use Purple for managed Wi-Fi
“And the fact that we have, you know, we've got half of the biggest service providers in the world, telcos, all basing their go to market around our platform.”
Wheeldon: Purple WiFi drives 700% CRM record growth for venues
“You know, and we typically see a 500% increase in TripAdvisor reviews. We see six, 700% in CRM record generation.”
Wheeldon predicts Purple WiFi will reach $15M ARR by 2018
“2017, I think, would probably be a push. 2018, yes.”
Wheeldon: Sold previous company for over sixty million pounds sterling
“Yeah, it was over sixty million sterling as a as a broad brush.”
Wheeldon: Purple WiFi is deployed across 17,000 venues globally
“We're at 17,000. That's venues, and that ranges from a coffee shop, so like your Outback Steakhouse is all run purple through to, you know, Indiana Pacers or the whole of Navy Pier you know, places that are much bigger in scale.”
Wheeldon: Purple WiFi provides coverage across about 40 live cities
“In fact, we cover entire cities, and we've probably got about, probably about 40 cities now live.”
Wheeldon: Purple WiFi relies entirely on telco channel partners for distribution
“So, we're entirely channel based. So we sell through partners and that includes major telcos like Telstra and Oz and Singtel and you know, all the national carriers, CenturyLink in the US and NCR, you know, they all sell our solution bundled with their own equ…”
Wheeldon: Purple WiFi is pacing toward 140% YoY growth
“Obviously, it gets a lot harder to triple and triple every year, but we're still, you know, well over a hundred percent growth, you know, last year over this, and they're on target for, you know, probably about a 140% in this financial year.”
Wheeldon: Purple WiFi gross margin sits around 80%
“Gross margin, you know, as you would expect from a SaaS company, is up, you know, sort of 80%. Eighty-ish percent.”
Wheeldon: Purple WiFi processes up to 500,000 user connections daily
“It's, yeah, you know, up to about half a million.”
Wheeldon: Purple WiFi operates at net negative revenue churn
“Churn, we're actually, certainly from a revenue perspective, we're in negative churn.”
Wheeldon: Purple WiFi gross customer churn is about 12% per year
“Gross is about it's about 12% per annum.”
Wheeldon: Purple WiFi splits capital spend 50-50 between engineering and sales
“It's probably, it's not paid acquisition, certainly. It's probably about fifty-fifty between engineering and sales.”
Wheeldon: Bootstrapped previous company via credit card debt and mortgage
“Back bedroom, run up a load of credit card debt, hooked up the house and the mortgage and all those good things.”
Wheeldon: Boingo dominates airports but public Wi-Fi has no single incumbent
“There was no, or then there still is no particular single owner. You've got Boingo, who are very big in, in airports. They focus pretty much exclusively in, in that area.”
Wheeldon: Purple WiFi generated around $200,000 in first-year revenue
“It was, I think, around 200,000 dollars.”
Wheeldon: Purple WiFi reached $600K-$700K in revenue in 2014
“That was up to about 607 hundred.”
Wheeldon: Purple WiFi concentrates paid marketing spend on events
“Where we spend money is, is events, because that's where we've seen the success.”
Wheeldon: First business failed from confusing P&L with cash flow
“My twenty-year-old self was, ah, running my first business which failed because of my lack of understanding of the difference between a P&L and a cash flow statement.”