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HotSchedules

13 statements across 1 episodes · 8 bullish · 0 bearish · 1 people on the record · first statement Jan 10, 2019 by Mike Arendt · said 20 times in 1 episodes since 2019 · across every show →

Mentions by year

brought up most by Nathan Latka (19), Mike Arendt (1)

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2019 20 mentions in 1 episode

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Everything said about HotSchedules, oldest first

Jan 10, 2019 bullish
Assertion Not checkable as stated
Mike Arendt: HotSchedules is growing revenue at 20 percent annually
“Actually, if you look at our ARR, we'll be close to 20% right year over year, which is pretty good given how big we are and we're still growing at a fast pace.”
Mike Arendt Jan 10, 2019 ▶ 8:17 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Assertion Not checkable as stated
Mike Arendt: HotSchedules hits 110 percent net retention despite restaurant closures
“Our gross retention is like 90% and our net dollar retention is a 110%, which is pretty amazing when four to five percent of our churn is uninfluenciable, right?”
Mike Arendt Jan 10, 2019 ▶ 5:52 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Opinion
Arendt: Restaurant workers love HotSchedules because it enables shift pickup
“When you talk to a team member, someone that works in the restaurant, they'll tell you they love it. They love it because they don't look at it as I'm optimizing the business process for the manager operator. It's my method of engagement with the restaurant. I…”
Mike Arendt Jan 10, 2019 ▶ 11:05 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 neutral
Assertion Supported
Mike Arendt: Labor and inventory consume two-thirds of all restaurant spending
“And once again, when you think about two thirds of all spent in a restaurant is on labor and inventory, we help them on the labor cost and the food cost, right?”
Mike Arendt Jan 10, 2019 ▶ 13:36 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Assertion Not checkable as stated
Mike Arendt: HotSchedules delivers 2 percent labor savings within two months
“One to two percent labor savings within the first one to two months of using our application.”
Mike Arendt Jan 10, 2019 ▶ 13:31 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019
Insight
Arendt: Restaurateurs prefer simplicity over functionality in software platforms
“We believe that you have to have actually a platform in place because restaurateurs are looking to sacrifice functionality for simplicity.”
Mike Arendt Jan 10, 2019 ▶ 4:55 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019
Assertion Not checkable as stated
Arendt: HotSchedules reaches 160,000 locations across 60 countries
“We're in a 160,000 locations. 60 countries, 35,000 different concepts, and we have three million team members that are connected to our network.”
Mike Arendt Jan 10, 2019 ▶ 2:34 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 neutral
Prediction Not checkable as stated
Arendt: Restaurant technology market fragmentation will drive an industry roll-up
“Given the fragmentation, there's a roll up strategy to happen, whether we're the ones driving it or someone else.”
Mike Arendt Jan 10, 2019 ▶ 14:43 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Assertion Supported
Arendt: HotSchedules was the #3 overall paid App Store app in 2017
“We're the number one downloaded paid app on the app store. Number three, overall paid app in the app store in 2017.”
Mike Arendt Jan 10, 2019 ▶ 6:49 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Assertion Not checkable as stated
Mike Arendt: HotSchedules maintains an LTV-to-CAC ratio of up to 5-to-1
“So we pretty, we have a good LTV to CAC, right? It's four to five.”
Mike Arendt Jan 10, 2019 ▶ 12:26 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Assertion Not checkable as stated
Arendt: HotSchedules is currently profitable while scaling
“Yeah. We're profitable in”
Mike Arendt Jan 10, 2019 ▶ 14:35 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019
Disclosure
Mike Arendt: HotSchedules charges restaurants up to $400 monthly per store
“We actually sell the products individually as best in breed, whether that's our labor, inventory, or operations management, task management, right? That can be anywhere from a hundred to 150 dollars, right, per store per month. The entire suite, that could be …”
Mike Arendt Jan 10, 2019 ▶ 4:09 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Jan 10, 2019 positive
Assertion Not checkable as stated
Mike Arendt: HotSchedules has reached a $100 million revenue run rate
“We're on a hundred million dollar run rate.”
Mike Arendt Jan 10, 2019 ▶ 7:28 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
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