Everything Jacob Apple said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Apple: Binder expects average customer spending to reach €2,000-€3,000 monthly
“So we would expect our average customer to pay us two to 3000 euros a month when we get deep enough with our penetration.”
Jacob Apple personally invested $2.5M to $2.7M into Binder
“Yes, slightly more, two and a half, 2.7.”
Jacob Apple: Regional Bolt franchise revenue exceeded $1 million annually
“Above a million is definitely not saying too much.”
Jacob Apple: Majority of Bolt franchise buyout was paid upfront
“By far the majority was paid right away. And then there was like a percentage allocated to make sure that the whole operation that they were taking over was running smoothly.”
Apple: Binder customers currently pay an average of €500 monthly
“Today, they're paying us about 500 euros a month.”
Jacob Apple: Binder spends €100k monthly with 18-person team
“And we're spending about a 100,000 euros a month.
It's a theme of 18, mainly developers.”
Jacob Apple operated Bolt franchises in Cyprus, Malta, and Tunisia before buyout
“As fairly minimal, I would say we, I was running three fairly small countries, Cyprus, Malta, and Tunisia. And it was bought themselves that acquired our business back.”
Jacob Apple: Binder spent two years building an accounting app before pivoting
“We spent two years actually building an accounting app to then realize that maybe there was a better opportunity in specifically focusing on this niche when it comes to corporate service providers.”
Jacob Apple: Binder team owns 10% and co-founders hold 15%
“No, our team owns about 10%, my co-founders own about 15%, and then I have my old partners from the other business that we exited, who also Put some of their money into, to binders, so they also own a piece.”
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