Everything Jen Saxton said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Buy Buy Baby launched a competing center during Tot Squad's pilot
“Bye-bye actually tried to launch their own service center. In the middle of my pilots, they went around me and opened their own in New York City.”
Saxton: Tot Squad signed a contract with Walmart
“So I literally two days ago signed the Walmart contract, which is so exciting.”
Tot Squad is raising a bridge note with a $15M valuation cap
“So the bridge note has a fifteen million cap.”
Saxton: Amazon controls only about 20% of the market
“Amazon only controls about 20% of the market right now.”
Saxton: Up to 95% of child car seats are used incorrectly
“As many as 43% of children who die in car accidents were improperly restrained, and as many as 95% of child's car seats are used incorrectly.”
Saxton: Tot Squad did $500k in sales last year and doubled YTD
“We did about half a million in sales last year, and we've already doubled that year to date versus last year.”
Saxton: Tot Squad retains roughly 50% on $80 Amazon installations
“Amazon gets 20% of that, so we pay them 16 dollars. We pay the car seat installer 25 dollars so that's 41 dollars out of the 80 are paid out, and then we keep roughly 50% just to do the customer service, et cetera.”
Saxton: Baby services must be sold attached to physical products
“Services kind of have to be sold in that fashion along with a product.”
Jen Saxton claims Tot Squad has serviced over 50,000 customers
“So we've serviced over 50,000 customers already.”
Saxton: Tot Squad raised $200,000 from two investor emails
“200,000 from two emails to my existing investors.”
Saxton expects a term sheet within two weeks from four VCs
“I've had four VC funds now ask us to move into diligence with them, so I expect I'll have a term sheet in the next couple of weeks.”
Jen Saxton: Tot Squad operates in Buy Buy Baby across 10 cities
“So we actually have kind of geek squad style service centers that are now open in 10 cities inside Bye Bye Baby stores.”
Tot Squad previously raised $2.5M at an $8.5M valuation
“So the valuation on the two and a half million that I previously raised was about eight and a half million.”