Everything Jason Vigo said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Vigo reveals he owns only 14% equity in Bevz
“So I have 14%. Our founding team together has about 70%, so it's a combo of me, my co-founder Victor, and my CTO.”
Bevz Founder Jason Vigo Discloses He Owns Only 14% Equity
“So I have 14%... Our founding team together has about 70%, so it's a combo of me, my co-founder Victor, and my CTO.”
Vigo: Bevz Restructured Equity Tranches at $40M and $80M Valuations
“So we tied it to a company valuation. And so we did two valuations. So it's at a 40 and an eighty million valuation. I'll get two buckets of equity.”
Bevz has 330 stores, 21% monthly growth, and 99% monthly retention
“Today we have 330 stores using the SaaS platform. We're growing 21% every month. We have a 95% conversion from free trial to paid subscription. And we have a 99% monthly retention.”
Vigo: Bevz sales reps consistently acquire 20 stores monthly
“Each salesperson can get 20 convenience stores every single month consistently.”
Vigo: Bevz is raising $1.6M at a $9M cap with $1.3M committed
“So we're doing a nine million post-money valuation cap another convertible note raising the 1.6, and we have one three committed already.”
Bevz reports 330 stores, 21% monthly growth, and 99% retention
“Today we have 330 stores using the SaaS platform. We're growing 21% every month. We have a 95% conversion from free trial to paid subscription. And we have a 99% monthly retention.”
Bevz targets $1.6M raise to hit $3M ARR run rate
“And today we're raising 1.6 million dollars that we're going to use to acquire 2000 convenience stores, build six more product integrations, and reach a three million dollar run rate ARR before we raise our next round.”
Bevz generates $44K monthly from advertising partners
“Then actually right now we're doing 44,000 dollars in average monthly revenue from advertising partners.”
Vigo: 7-Eleven, Circle K, Shell, and Chevron stores use Bevz
“So actually today we have Seven-elevens, Circle K, Shell, Chevrons on our platform. Very few.”
Vigo: Bevz is raising $1.6M at a $9M cap with $1.3M committed
“So we're doing a nine million post-money valuation cap another convertible note raising the 1.6, and we have one three committed already.”
Vigo: Hustle Fund Completed Its Investment in Bevz
“Elizabeth invested. Hustle Fund is part of the team, and we've been working with them a little bit.”
Vigo: Bevz Closed $1.6M Round With 90% Wired
“I filled the rest of the round. It was a one-six round, and we have about 90% of that wired.”
Bevz targets $3M ARR run rate and 2,000 stores with $1.6M raise
“Today we're raising 1.6 million dollars that we're going to use to acquire 2000 convenience stores, build six more product integrations, and reach a three million dollar run rate ARR before we raise our next round.”
Bevz generates $44,000 monthly in brand advertising revenue
“Right now we're doing 44,000 dollars in average monthly revenue from advertising partners.”
Bevz Raised $930,000 Across Friends-and-Family, Accelerator, and Pre-Seed Rounds
“Yep, so we've raised 930,000 total to date. That came in a few chunks. So we did a 300,000 dollar family and friends round in 2019. We were a very different company before this. We were an alcohol delivery marketplace, if you're familiar with Drizzly. Yeah, we…”
Vigo: Bevz has 7-Eleven, Circle K, Shell, and Chevron locations on platform
“So actually today we have Seven-elevens Circle K, Shell, Chevrons on our platform. Very few.”
the Pitch 2