Carrot

15 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Aug 28, 2021 by Aaron Carr · said 20 times in 2 episodes since 2021 · across every show →

Mentions by year

brought up most by Nathan Latka (13), Aaron Carr (6), Tyler Austin (1)

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2022 1 mention in 1 episode
2021 19 mentions in 1 episode

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Everything said about Carrot, oldest first

Aug 28, 2021
Assertion Not checkable as stated
Carr: Carrot generated nearly $40K in net platform revenue in July 2021
“So net platform revenue is for last month was closer to 40 K.”
Aaron Carr Aug 28, 2021 ▶ 6:40 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
What-if
Carr: In hindsight, would pursue non-dilutive debt over pre-seed equity
“If I were to go back I might've deferred that and maybe just look to an alternative non-dilutionary source.”
Aaron Carr Aug 28, 2021 ▶ 7:36 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carrot drives 20% to 25% annual upgrade revenue expansion
“Yeah, it's about 20 to 25%.”
Aaron Carr Aug 28, 2021 ▶ 13:50 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Disclosure
Carr: Carrot charges $3 per user, averaging ~$215 monthly per account
“We start at three dollars per head per month. On average, based on the account size, it's about, let's say around 202 130 dollars per account.”
Aaron Carr Aug 28, 2021 ▶ 2:49 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021 positive
Disclosure
Carr: Remote work surge had net positive impact on Carrot's demand
“And suddenly the industry like hit this massive uptick and we started getting more calls than we did pre COVID. So it's been interesting to say the least. Certainly some industries, you know, are on tighter budgets, but I'd say our HR tech and specifically emp…”
Aaron Carr Aug 28, 2021 ▶ 2:12 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carrot spends 5K to 7K CAD monthly on direct advertising
“All in direct advertising costs are between five to seven K Canadian a month.”
Aaron Carr Aug 28, 2021 ▶ 11:41 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carrot converts approximately five new paying customers monthly
“We're converting about five customers a month, five paying customers a month.”
Aaron Carr Aug 28, 2021 ▶ 12:00 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carr: Carrot has nearly 100 customer logos in year three
“So we're still we're in year three and a half as Carrot. We've got close to a hundred logos.”
Aaron Carr Aug 28, 2021 ▶ 3:19 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021 bullish
Prediction Not checkable as stated
Carr projects Carrot will reach $3.5M in total GMV in 2021
“So we've done about 1.5 today. We've got another two million that will come in by the end of the year.”
Aaron Carr Aug 28, 2021 ▶ 5:06 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Disclosure
Carrot raised pre-seed SAFE on a $2M valuation cap
“So we did it, we had it was a safe, we did a valuation cap of two million.”
Aaron Carr Aug 28, 2021 ▶ 7:11 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Disclosure
Carrot raised under $300k CAD in 2018 pre-seed round
“We did a very small pre-seed round, less than 300 K Canadian.”
Aaron Carr Aug 28, 2021 ▶ 6:59 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Disclosure
Carr retains approximately 65% fully diluted equity in Carrot
“On a fully diluted basis, I'm about 65%.”
Aaron Carr Aug 28, 2021 ▶ 10:28 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carrot generates 50 to 60 inbound leads per month
“We get per month, 50 to 60 reasonably qualified leads in the form of demo requests and free trials.”
Aaron Carr Aug 28, 2021 ▶ 11:49 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carrot reports annual churn dropping from 16% to 10-15%
“Last year we calculated churn at about 16% on an annual basis. This year it's coming in below that. Like it's sort of in the 10 to 15 range.”
Aaron Carr Aug 28, 2021 ▶ 12:14 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
Aug 28, 2021
Assertion Not checkable as stated
Carr: Carrot operates on a 3% take rate for gift cards
“So the gift cards, it's very thin margin. It's three percent.”
Aaron Carr Aug 28, 2021 ▶ 5:23 HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees
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