Revi

12 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Feb 6, 2022 by Eugene Johnson · said 11 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (11)

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Everything said about Revi, oldest first

Feb 6, 2022
Assertion Supported
Johnson: Revi has raised $4 million to date across pre-seed and seed rounds
“So we raised A pre-seed of about a million and then a seed round of about two million. What year? About four million dollars to date.”
Eugene Johnson Feb 6, 2022 ▶ 11:02 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022 neutral
Assertion Not checkable as stated
Johnson: Revi serves approximately 145 restaurants on its platform
“So we've got about a 145 restaurants on the platform today.”
Eugene Johnson Feb 6, 2022 ▶ 7:26 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022
Assertion Not checkable as stated
Johnson: Revi earns a sweet spot of $1,000 monthly per merchant
“I would say a thousand is a sweet spot, you know, that's probably where most people land.”
Eugene Johnson Feb 6, 2022 ▶ 5:52 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022
Disclosure
Johnson: Revi uses POS data for automated customer marketing campaigns
“What we do is we facilitate transactions, but instead of just stopping at the facilitation of transactions, we leverage the data almost in an e-commerce style process to drive those customers back into this door to get them to spend more and essentially get cu…”
Eugene Johnson Feb 6, 2022 ▶ 1:07 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022 positive
Assertion Not checkable as stated
Johnson: Revi hit $1M+ ARR, growing 3x from $300K a year prior
“We've grown three X since the, since last year. So we were about 300,000 dollars a year in revenue a year ago.”
Eugene Johnson Feb 6, 2022 ▶ 7:51 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022
Disclosure
Johnson: Revi charges merchants a transaction fee of around 1%
“It depends on their volume, but it's usually around one percent.”
Eugene Johnson Feb 6, 2022 ▶ 3:19 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022 bullish
Disclosure
Eugene Johnson: Revi grew GMV from $2M in 2019 to $15M in 2021
“So to put it in perspective, in 2019, we did two million dollars in GMV. In 2020, we did five. This year we're on track to do 15.”
Eugene Johnson Feb 6, 2022 ▶ 9:52 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022
Disclosure
Johnson: Personally invested $250k of own capital into Revi
“I put in personally, I put in about a quarter million dollars and then we raised.”
Eugene Johnson Feb 6, 2022 ▶ 10:11 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022 positive
Assertion Not checkable as stated
Johnson: Revi monthly churn is sub-1% excluding COVID-driven restaurant closures
“Churn is only 2.8% since COVID and that includes businesses... Monthly... And that includes businesses that we lost to COVID. So if you take those businesses out, you know you know, those businesses who didn't survive COVID, You know, it's sub one percent.”
Eugene Johnson Feb 6, 2022 ▶ 13:29 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022
Assertion Not checkable as stated
Johnson: Revi hardware costs $500 and pays back in 3-4 months
“It costs us about 500 bucks to purchase all the hardware. We usually make our money back within, you know, three or four months.”
Eugene Johnson Feb 6, 2022 ▶ 3:38 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022 bullish
Disclosure
Johnson: Revi grows Gross Merchandise Value by 10% to 15% month-over-month
“So, you know, basically we grow about 15, you know, 10 to 15% month over month.”
Eugene Johnson Feb 6, 2022 ▶ 9:44 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
Feb 6, 2022
Assertion Not checkable as stated
Johnson: Personally owns 25% to 30% of Revi
“No, no, no. It's more in the 25, 30% range.”
Eugene Johnson Feb 6, 2022 ▶ 12:14 POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers
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