Assertion Not checkable as stated
Cisco: Meet Select has 200x more exclusive benefits than Amex
“We have more exclusive benefits than them by a magnitude of over 200. So over 200 times as many benefits.”
Assertion Not checkable as stated
Cisco: Multiple Top-5 Card Issuers Sought to Acquire Select
“We've had multiple of the top five issuers want to buy the company.”
Prediction Not checkable as stated
Cisco: Groupon will survive while most other deal sites vanish
“I think that Groupon itself will always exist. They've been doing a tremendous job... But I think most of the other companies are going to go away.”
Opinion
Cisco: High-End Credit Cards Charge Hefty Fees for Useless Perks
“And you're looking at you know, these annual fees kind of ranging from a hundred to up to 2500 for first century on plus initiation fees and stuff for benefits that have really been, you know, basically points you might, may or may not be able to use towards t…”
Assertion Not checkable as stated
Cisco: Select members generate 20% to 30% larger checks for partners
“I know across the board, it tends to be around 20 to 30%. So it's not, A huge magnitude, but it is higher. And that is, you know, with the benefit factored in, whether that's free drinks or a discount or whatever the case may be, like after providing that bene…”
Assertion Not checkable as stated
Select Founder: Hotel Program Delivers Average 31% Savings, Up to 70%
“The average savings is 31%, but you can be as high as 70.”
Assertion Not checkable as stated
Select Covers 500K Hotel Locations and Has Lowest Rates at Over 200K
“Our hotel program encompasses 500,000 locations at a little over 200,000 of those. And it varies based on inventory. We have the best rate anywhere.”
Disclosure
Cisco: Select Does Not Fund Any Member Benefits
“No, we don't have to fund any of the benefits.”
Assertion Not checkable as stated
Cisco: Select Members Recoup Over 3x Their Annual Fee on Average
“On average, members recoup over three X that annual fee.”
Disclosure
Cisco: Select's Annual Member Churn Is Around 33%
“It's about a third right now.”
Prediction Open · timeframe Nov 2022
Cisco: Select will target a $40M pre-money valuation
“I think we'll be in the neighborhood of like 40, Pre-fifty post. It's possible it goes higher than that.”
Assertion Not checkable as stated
Cisco: Half of top 10 card issuers want to invest in Select
“There's also about half of the top 10 issuers would like to participate as well.”
Assertion Partly supported
Cisco: Fewer than 20% of daily deal customers ever return to merchants
“Less than 20% of the customers ever return.”
Assertion Not checkable as stated
Cisco: Select calculates its three-year customer lifetime value at $920
“So, you know, we're thinking on average it's going to be around three years. So, so the lifetime value we've got calculated right now is around just over 900. It's nine 20, I think.”
Disclosure
Select plans to issue a points-based 'mega' credit card
“And then ultimately the goal is actually to combine that with the sorts of points and reward systems that you would see from Typical cards today you know, in issuing a credit card to sort of create this mega credit card, if you will.”
Assertion Partly supported
Cisco: Meet Select partners with four of top 10 grossing US restaurants
“You know, of the top grossing restaurants in the country, we have four of the top 10.”
Assertion Not checkable as stated
Select reaches over 15,000 paying members
“A little over 15,000.”
Prediction Not checkable as stated
Select projects around $2M in revenue for 2019
“We'll be in the neighborhood of two million this year.”
Assertion Not checkable as stated
Select reports customer acquisition cost around $250 or lower
“Generally it's around two 50 or a little lower. It depends on the channel of course, but it's sort of across the board. That's where it's been. It's actually been coming down a bit cause we've been diversifying our strategies a bit more.”
Disclosure
Cisco: Select plans to raise $10M or more
“We'll probably be looking in the neighborhood of ten million dollars, if not more.”
Assertion Not checkable as stated
Select Members Average $320K Income With $150K Median
“Medians around one 50 average is actually close to three 20. That gets dragged up by sort of professional athletes, celebrities CEO, like sort of C level exacts.”
Assertion Partly supported
Cisco: Groupon Japan scaled from 20 to 700 employees in months
“They had acquired a company with about 20 people and, you know, not really significant revenue, and then within a couple months we had over 700 people, over twenty million a month in revenue, so it was really Groupon's, you know, kind of extreme growth
Story.”
Assertion Not checkable as stated
Cisco: Select has over 9,000 paying members in March 2016
“It's just over 9000.”
Assertion Not checkable as stated
Cisco: Select generated nearly $700,000 in total revenue in 2015
“So it was actually just under 700,000.”
