Tribute

10 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Jun 14, 2022 by Andrew Horn · said 13 times in 1 episodes since 2022 · across every show →

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brought up most by Andrew Horn (10), Nathan Latka (3)

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Everything said about Tribute, oldest first

Jun 14, 2022
Disclosure
Tribute operates with a team of about 50 employees
“So right now we're on 50 and that's 50 including our core team, as well as our experience team, which are the video editors and the customer service agents.”
Andrew Horn Jun 14, 2022 ▶ 10:57 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022
Assertion Not checkable as stated
Tribute creators invite an average of 31 people per video
“If you're creating a tribute, you're inviting on average, 31 of your friends, family, and coworkers to join you in the process.”
Andrew Horn Jun 14, 2022 ▶ 2:48 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 positive
Assertion Not checkable as stated
60% of invitees submit a video; 10% attach a gift card
“So right now about 60% of those people are converting to actually submit a video of that 60%. Right now you have about 10% of participants and this is a newer feature that's three months old. So about 10% of those people are adding a gift card to their video”
Andrew Horn Jun 14, 2022 ▶ 5:33 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 neutral
Disclosure
Tribute charges $29 for DIY videos and $99 for concierge editing
“So it's a pay-per-use product so that basically she's either going to pay 29 to do it herself, 99 for someone on our team to edit that together.”
Andrew Horn Jun 14, 2022 ▶ 4:34 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 positive
Assertion Not checkable as stated
Companies use Tribute for employee onboardings and major work anniversaries
“We have companies that are using tribute for every single one, five and 10 year anniversary in our company. We have companies that are using this for every single employee who's onboarded their new team will record a video telling a little bit about the So the…”
Andrew Horn Jun 14, 2022 ▶ 8:54 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022
Assertion Not publicly verifiable
Tribute sells subscriptions to Bed Bath & Beyond and 1-800-Flowers
“Not only do we have subscriptions for enterprise partners, you know, everyone from bed, bath and beyond to one, a hundred flowers, you name it.”
Andrew Horn Jun 14, 2022 ▶ 2:25 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 positive
Assertion Not checkable as stated
Tribute surpassed $1 million in revenue in 2020
“Was 2020. It was our first year over a million.”
Andrew Horn Jun 14, 2022 ▶ 13:45 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 positive
Assertion Not checkable as stated
Tribute users spend an average of $50 per attached gift card
“So we just have basically the 10, 25 and 50 are your presets and then you have a custom, but our average gift card right now is actually 50 dollars from those customers.”
Andrew Horn Jun 14, 2022 ▶ 6:26 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 bullish
Assertion Not checkable as stated
Product virality drives 85% of Tribute's new user growth
“85% of our new user growth is coming through the virality of the product itself.”
Andrew Horn Jun 14, 2022 ▶ 3:33 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
Jun 14, 2022 neutral
Assertion Not checkable as stated
Birthday celebrations drive roughly 80% of Tribute's traffic
“You know, so about 80% of our traffic comes through birthdays.”
Andrew Horn Jun 14, 2022 ▶ 6:55 Very Natural Path from Consumer to B2B Helps Tribute Founder Break $1m Run Rate for Meaningful Montage VIdeos
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