Venga

“Probably between a 152 hundred brands.”

“Well, I think, you know, if I were to do it all over again, I might take a different path. I would certainly wait much longer to raise money.”

“So we actually launched in 2011 with a product that's slightly different from what we do now. Like most companies, you know, we pivoted a couple times along the way. We realized within probably six months that our first product wasn't gonna work, and we pivote…”

“Between two and 300 dollars per month per location. So if you're a restaurant group and you've got 10 locations, you're paying, you know, 2500 bucks a month.”

“We're doing about 300,000 in monthly recurring revenue.”

“So our first round was a convertible note. We then did a million dollar series A, and then we did a bridge round million and a half after that that now since converted to equity. So now everything's in equity.”

“They actually make those referrals because it's in their best interest to because once one of their clients is using our product, they're actually stickier and less likely to churn than if they weren't.”

“Right now we spend typically probably about 60 to 75 cents for every dollar in ARR that we acquire.”

“21.”

“We're about 2000 locations.”

“We're growing about 35% a year.”

“We don't, we would actually like to, but you know, the way our agreement works, you know mind, body, open table, they don't want us paying their reps you know, to sell our product.”

“And then we thought about like a revenue back revenue based loans. We've considered that. And so that would probably be the first place we go for funding at this point.”

“Yeah, we actually have on a revenue basis, we have negative net churn.”

“No, we, we've been cashflow positive and profitable for the last year.”