VideoBlocks

“We've got 150,000 paying members.”

“And now our retention rates are much better. They started like 80% for year one by year two, our customers are at 90%. And by year three, they're almost at a hundred percent.”

“It really depends, but it would probably be like, 50 bucks.”

“There is our, what we call the unlimited library, which has a couple 100,000 clips that we've actually shot in house, or we've put helicopters in the sky to shoot.”

“We've raised a little under twenty million to date. Our first, we did a series A in 2012, which is 10 and a half. And that came from two private equity firms Updata Partners and QED Investors, which was started by Nigel Morris, the co-founder of Capital One.”

“Oh man, we probably spend, A million dollars a month.”

“So we have an entire team at video blocks called chow, which is customer insights and operations. That is, they're like former Capital One analysts who help us figure out how to keep customers longer.”

“A hundred percent. And we actually encourage that because we want the shooters to make as much money as possible.”

“So it is 20% of our customers who drive 80% of the downloads, and we're okay with that, because those tend to be the most engaged, and because of how inexpensive, ah, hosting and distribution is today, thanks to Amazon primarily, ah, it's very difficult. Like,…”

“And on average, our customers download a 140 clips.”

“It's evolved to today where we have about 6000 videographers who are shooting for us and most of them are shooting on spec.”

“And in fact, we pay you the best in the industry, we pay you a hundred percent of what sells because we make all of our money off of memberships.”

“So we have millions of users between all of our sites. so I, you know, our email list is probably 20 or thirty million strong.”

“I think we'll do about twenty six million dollars this year in revenue and that's all memberships.”