Playven

“We've already processed over two, almost 200,000 bookings. We, ah, at 180 tennis clubs.”

“Revenue we're making about 2000 bucks a month right now.”

“You're doing two things, and I don't think you can do both.”

“No, you shouldn't have because your revenue and this does not, ah, represent an eight million dollar valuation.”

“But also, I don't think he has the capacity to build out a platform for all sports across, right, all venues.”

“I completely disagree with that. A great example of this is, is open table. They started off as a booking system and then they become this billionaire billion dollar platform for a marketplace for finding a restaurant. So I completely disagree with that.”

“So up until May of this year, we haven't spent any money on user acquisition.”

“The reason it's very very expensive, is that 10% gets eaten very quickly on customer acquisition cost, your marketing costs, you're getting in the players. So the 10% isn't probably enough to scale. You have to go through a lot of cash.”

“If this was at four million, I would definitely come into this, or 4.5.”

“There's a lack of urgency that I'm not, as an investor, comfortable with, so I'm going to pass.”

“I think you know, we, I believe we can raise money at a bigger valuation than four at this point. We just, you know, need to clarify that focus a little bit and that's what we're doing. So I think, you know, once we show that we'll be able to raise at a bigger…”

“We could have, ah, gone to them at eight and we probably should have, ah, we like.”

“We're a full-on club management system for tennis and sports clubs, where you manage space bookings, lessons in clinics, coaches so it's a completely different product on the backend side compared to ClassPass.”

“It has to be a marketplace for this to work.”

“The latest we raised is like a 450,000 bridging round at a four million dollar valuation.”

“He's been doing this for a few years. He only has 24 clubs paying him.”

“At the same time, there's 14,000 tennis clubs in the U.S. That have a lot of unused capacity.”