Al Bsharah of Interlock Capital explains his skepticism about user retention while passing on Locker on The Pitch.
Assertion Not checkable as stated
Bsharah: PE offered VCs an observer seat and 18-month CEO retention guarantee
“They essentially said, They would give us a board observer seat and promise not to fire the CEO for 18 months.”
Prediction Not checkable as stated
Bsharah doubts Amateur Golf Society will hit exit targets in three years
“Like, I don't feel like you're going to get there in three years.”
Insight
Al Bsharah: Active founders should hold four investor conversations every few days
“You should be having four conversations every couple of days, if not every day.”
Disclosure
Bsharah Passes on Locker Over Concerns About User Retention and Lock-In
“And my, I think one of my bigger concerns is how you become sticky. I think shoppers, they're fickle. They go to the next shiny object when something comes along. And I haven't seen that thing that makes you that like that, that locks these people in in a way …”
Assertion Not checkable as stated
Bsharah Praises Locker for Retaining 25% of Chrome Extension Users Monthly
“The top part of the funnel was good. Like, I mean, for a Chrome extension, you've got 25% of people who've ever downloaded, like, they're actively every month. That feels pretty strong, but everything below that was missing, right?”
Assertion Not checkable as stated
Bsharah: Locker Chrome Extension Retains 25% of Downloaders Monthly
“The top part of the funnel was good. Like, I mean, for a Chrome extension, you've got 25% of people who've ever downloaded, like, they're actively every month. That feels pretty strong, but everything below that was missing, right?”