Loreca

10 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Jan 15, 2023 by Bart Jan Yates · said 17 times in 1 episodes since 2023 · across every show →

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brought up most by Nathan Latka (17)

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2023 17 mentions in 1 episode

23 year old launches SaaS for hotels, hits $250k revenue in under 12 months Jan 15, 2023 · 17 mentions · from 1:22
every mention in 2023, scene by scene →

every mention, scene by scene, with the transcript →

Everything said about Loreca, oldest first

Jan 15, 2023 bullish

Prediction Not checkable as stated

Loreca Predicts at Least $1 Million in Total Revenue for 2023

“We hope to be one million. [476] Bart Jan Yates: Certainly. [477] Bart Jan Yates: This is like our, like least least that we should have.”

Bart Jan Yates Jan 15, 2023 ▶ 7:52 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023

Assertion Not checkable as stated

Loreca Has 290 Hotel Customers Across Western Europe

“Yeah, we have so right now we have 290 customers all around Western Europe. So it goes from hotels from 20 rooms to hotels with 60, 70 rooms.”

Bart Jan Yates Jan 15, 2023 ▶ 2:28 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023 bullish

Assertion Not checkable as stated

Yates Claims a 30% Click-Through Rate on Loreca's Newsletter

“No, two, sorry, 30% of everyone clicks through our website reader blog.”

Bart Jan Yates Jan 15, 2023 ▶ 13:34 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023

Assertion Not checkable as stated

Loreca Generated $22 Million in Incremental Revenue for Clients in 2022

“So it's hard, but I think it's around twenty two million that we earned extra last year.”

Bart Jan Yates Jan 15, 2023 ▶ 5:49 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023

Disclosure

Loreca Switched to Performance-Based Pricing Three Months Ago

“So it's like not even that long, like I think three months that we're working with this model.”

Bart Jan Yates Jan 15, 2023 ▶ 6:49 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023

Assertion Not checkable as stated

Loreca Sourced Part of Its 8,000-Subscriber List From Local Government

“I think it's around 8000, but we were in a collaboration with some local government where we were able to get a big portion. So it's not 8000 like that subscribe to our website, but we received some of them.”

Bart Jan Yates Jan 15, 2023 ▶ 12:46 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023 neutral

Assertion Not checkable as stated

Loreca Operates With a Team of Seven People

“We are seven in total.”

Bart Jan Yates Jan 15, 2023 ▶ 8:40 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023 positive

Disclosure

Loreca Is Completely Bootstrapped Without Outside Capital

“We are bootstrapped.”

Bart Jan Yates Jan 15, 2023 ▶ 8:57 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023

Disclosure

Loreca Averages $2,000 Monthly Revenue per Hotel on Performance Model

“Well, it's around 2000 but it depends as we work with a no cure, no pace. So we take cuts on everything we earn more.”

Bart Jan Yates Jan 15, 2023 ▶ 3:35 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Jan 15, 2023

Disclosure

Loreca Takes a 25% Cut of Incremental Hotel Revenue

“From this extra money we take a cut, but this cut is like, it all depends on- [278] Nathan Latka: What cut do you take? [281] Bart Jan Yates: it's most of the time, 25%.”

Bart Jan Yates Jan 15, 2023 ▶ 4:32 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months

Loreca

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Everything said about Loreca, oldest first

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