Alex Bean

6 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement May 17, 2021 by Alex Bean · said 2 times in 2 episodes since 2021 · across every show →

On the record as a speaker too: Alex Bean's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Nathan Latka (2)

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2021 2 mentions in 2 episodes 1 per episode

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Everything said about Alex Bean, oldest first

May 17, 2021 positive
Disclosure
Bean: Divvy targets Main Street SMBs rather than just VC-backed companies
“Luckies of the world, but just SMBs, you know, we kind of have two audiences. I say like one to 50 and 50 to 500, slightly different use cases for the most part, but SMBs in general, that that's, we're going after the mom and pops of America, Main Street Ameri…”
Alex Bean May 17, 2021 ▶ 4:10 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
May 17, 2021 positive
Disclosure
Bean: Ingesting invoices serves as customer acquisition for Divvy virtual cards
“Every invoice is a new vendor that we can talk to and say, do you want to accept a virtual card? Or do you still want to accept the ACH? And there are ways for us to make money in that flywheel and get new customers.”
Alex Bean May 17, 2021 ▶ 20:05 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
May 17, 2021 positive
Insight
Bean: Secondaries Done Right Give Founders Motivation to Keep Building
“Secondaries done right, can give motivation which allows, you know, early founders and early employees to keep going as opposed to, you know, stop, right? Cause it's easy to say, oh, I've been grinding away for however many years and I just need something out …”
Alex Bean May 17, 2021 ▶ 22:16 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
May 17, 2021 positive
Assertion Not checkable as stated
Bean: Divvy Maintains Annual Churn Rate Under 5 Percent
“Yeah, it's very fair. So which is crazy on a free product that people can walk away, right?”
Alex Bean May 17, 2021 ▶ 16:32 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
May 17, 2021
Assertion Not checkable as stated
Bean: Divvy captures 200 to 300 bps interchange on card spend
“Clearly, if someone's a hundred percent company spending a 100,000 dollars, you know, there's 200 to 300 bips, so you can do the math, right? Like, now, there's a lot that we have to account for, though, right? What people don't forget is we are giving rewards…”
Alex Bean May 17, 2021 ▶ 21:10 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
May 17, 2021 neutral
Insight
Bean: Co-founders can be true partners without a 50/50 equity split
“And the advice I would give a non CEO co-founder is you have to understand where you sit for me. I always knew Blake was the quarterback and I was the running back to use a football reference, meaning we were partners and he, I don't think he could have done i…”
Alex Bean May 17, 2021 ▶ 7:44 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
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