Zahra Kassam explains Monti Kids' proprietary differentiation and safety certifications to the investor panel.
Prediction Didn’t hold up
Kassam predicts Monti Kids will halve its price within five years
“I think we can bring it down to almost half of what it costs in the next five years.”
Prediction Not checkable as stated
Kassam: Monti Kids will reach $300M in revenue in five years
“We're going to do over a million, about 1.2 million this year. We'll do five million next year, and in five years we'll be like at three hundred million in revenue, and I mentioned, I mean, that's really, the goal is to go international.”
What-if
Kassam: Giving up 10% equity is costlier than O'Leary's royalty deal
“Giving away, you know, Robert's deal, if I had given away 10% of Monty Kidd's would have been So much more expensive than the royalties that Kevin is asking for. I mean, you know, 10% of Monty kids in several years out is going to be so much more valuable than…”
Assertion Not checkable as stated
Monti Kids hit over $100k MRR in 18 months
“In just 18 months, we've grown from zero to over a 100,000 dollars in monthly recurring subscription revenue, and I'm now raising a three million dollar seed round to scale the business.”
Assertion Not checkable as stated
Kassam: Monti Kids averages 81% quarter-over-quarter retention since launch
“We have 81% average retention since launch, and families are saying it's like enrolling my baby in a preschool.”
Assertion Not checkable as stated
Kassam: Monti Kids has 60% margins, $139 CAC, and $1,245 LTV
“So we have 60% margins. Our cost of customer acquisition since launch average has been a 139 dollars. And our lifetime value of our customers because they're retaining at high levels is 1245 dollars.”