Investor Al Bsharah pushes back against Dan Hershberg's timeline for rapidly scaling and exiting Amateur Golf Society 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.”
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?”
Opinion
Bsharah: Online shoppers are fickle and lack platform loyalty
“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 that they don't want to leave. And so for that, like, I, this woul…”
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?”