“I think customer retention solving for that long-term and bringing that up to 60 to 70% and not the 15 to 20% that we have right now.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Ryan Lee
Insight
Lee: Building a Great Startup Isn't About Condensing Your Ideas
“Building a startup isn't about condensing your ideas. It's not about building a startup is not about saying, I can't do that. Right? Building and shooting for something great is, yeah, we can do that. Why not? And you give it a shot. My point is basically, you…”
Ryan LeeMar 3, 2025▶ 24:41#74 Stop Killing Your Plants
PredictionNot checkable as stated
Lee: Rooted Calculates Three-Year Customer LTV at Around $150
“And we think that an average LTV probably looks at around three years. And so we've calculated that that would be around a 150 dollars.”
Ryan LeeMar 3, 2025▶ 14:13#74 Stop Killing Your Plants
Opinion
Ryan Lee: Building supply-side nursery tech mirrors Uber and OpenTable
“I don't think it's that different from other consumer tech businesses that you think about. Like, if you think about even Uber, for example, right? They spit up 10 times the amount of technology and services and tools for the driver sides, right? Not just that…”
Ryan LeeMar 3, 2025▶ 23:49#74 Stop Killing Your Plants
AssertionNot checkable as stated
Lee: Rooted's Instagram CAC is $45 on Early Ad Spend
“I know right now our cost of acquisition on Instagram is 45 dollars after a couple thousand dollars of spend.”
Ryan LeeMar 3, 2025▶ 13:56#74 Stop Killing Your Plants
AssertionNot checkable as stated
Rooted Generates $75,000 in Monthly Revenue
“75,000 dollars in revenue a month.”
Ryan LeeMar 3, 2025▶ 4:01#74 Stop Killing Your Plants
AssertionNot checkable as stated
Rooted: 85% of Revenue Currently Comes from Offline Sales
“And 85% of that is offline right now in terms of retail sales.”
Ryan LeeMar 3, 2025▶ 4:05#74 Stop Killing Your Plants
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