Assertion certainty 4/5 debate potential 1/5

Squire's revenue essentially dropped to zero in March and April 2020

Songe LaRon · How I Built Resilience: Songe LaRon of Squire · Jul 23, 2020 · at 9:39

Songe LaRon, co-founder and CEO of Squire, describes the immediate financial impact of COVID-19 lockdowns on the barbershop management software startup.

0:00 / 0:03exact quote · 3.8s
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“March, April, you know, our revenue essentially went to zero.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Disclosure
Squire charges shops $100-$250 monthly plus a $1 consumer booking fee
“The main way is from handling the payment processing. So that, that's really core to our business. There's a subscription component. So the shops that use our platform will pay a hundred dollars to two 50 a month. And then there's a customer booking fee. So if…”
Songe LaRon Jul 23, 2020 ▶ 4:50 How I Built Resilience: Songe LaRon of Squire
Disclosure
Squire waived subscription charges for all customers through October 2020
“And we also decided to waive all of our subscription charges to current and new customers until October, because we knew that their revenue was also going to go to zero.”
Songe LaRon Jul 23, 2020 ▶ 9:43 How I Built Resilience: Songe LaRon of Squire
Assertion Not checkable as stated
Squire's May and June 2020 revenue actually exceeded pre-COVID levels
“In fact, May and June exceeded pre-COVID numbers just because of all the new business that we're bringing on.”
Songe LaRon Jul 23, 2020 ▶ 13:31 How I Built Resilience: Songe LaRon of Squire
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