RocketTrip

10 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Mar 17, 2018 by Dan Ruch · across every show →

Everything said about RocketTrip, oldest first

Mar 17, 2018 neutral

Insight

Corporate travel spend averages $1M per 500 employees, says Dan Ruch

“Generally speaking, though, as a rule of thumb, there's about a million dollars worth of travel for every 500 employees, but that can move around quite a bit.”

Dan Ruch Mar 17, 2018 ▶ 5:00 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018 bullish

Disclosure

RocketTrip's managed travel spend is growing roughly 20% month-over-month

“About 20% month over month.”

Dan Ruch Mar 17, 2018 ▶ 8:39 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018 bullish

Disclosure

RocketTrip manages tens of millions of dollars in monthly travel spend

“It's tens of millions of dollars a month.”

Dan Ruch Mar 17, 2018 ▶ 8:26 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018

Assertion Not checkable as stated

Software percentage fees generate over 50% of RocketTrip's total revenue

“Percentage model makes up somewhere between, you know, it's over 50% of our revenue.”

Dan Ruch Mar 17, 2018 ▶ 20:56 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018

Insight

Employees biologically optimize for comfort within corporate policy limits, says Dan Ruch

“Companies employ human beings and human beings by definition, biologically, we're lazy and selfish. And this isn't a good or a bad thing. This is self-preservation. We always optimize for comfort and convenience within the limits of policy and because that's h…”

Dan Ruch Mar 17, 2018 ▶ 1:32 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018

Disclosure

RocketTrip offers employees incentives to choose cheaper corporate travel options

“What we do is in a very lean forward pro proactive non draconian way, We start offering employees a reasonable incentive to choose something different than what they would have done otherwise. This isn't about motivating employees to do what they should do. Wh…”

Dan Ruch Mar 17, 2018 ▶ 2:52 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018

Disclosure

RocketTrip currently serves roughly 70 to 80 enterprise customers

“About 70, 80 enterprise customers.”

Dan Ruch Mar 17, 2018 ▶ 17:07 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018 bullish

Prediction Not checkable as stated

RocketTrip will process $1B in corporate travel expenses within 24 months

“I don't know if it's 12 months or 24 months, but we'll break it for sure.”

Dan Ruch Mar 17, 2018 ▶ 18:13 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018 positive

Disclosure

The creator of Google's internal travel program currently advises RocketTrip

“The guy who built the program at Google is now an advisor to the company. So so we built it in part with him.”

Dan Ruch Mar 17, 2018 ▶ 9:52 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Mar 17, 2018

Disclosure

RocketTrip charges a 2% management fee on all corporate travel spend

“Every customer pays us two percent of travel spend on a management.”

Dan Ruch Mar 17, 2018 ▶ 5:18 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

RocketTrip

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