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Patrick Bosworth

Co-Founder and Executive Chairman, Duetto · 1 appearance on the record.

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founderexecutiveoperatorduettocloud.com ↗

Patrick Bosworth co-founded Duetto, serving as CEO and later Executive Chairman as the cloud-based revenue strategy platform grew to serve thousands of hotels and casinos worldwide before being acquired by GrowthCurve Capital in 2024. Prior to Duetto, he oversaw pricing and yield strategies as Director of Yielding and Business Strategy at Wynn Las Vegas.

17statements → 10claims → 0claims resolved → 3.88/5average certainty → 1.59/5average debate potential → ≈4.5/5argument clarity, estimated → 2said about them ↓

10 not checkable as stated how the 10 claims stand · each chip opens the sources

1 prediction · 9 assertions · 4 insights · 2 disclosures · 1 what if · every statement was checked. The prediction and assertions are the 10 claims: statements the public record can support or contradict. 0 are resolved, and 10 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Patrick argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Patrick Bosworth on measured tape to publish a rate. This says nothing about how they speak.

Everything Patrick Bosworth said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Bosworth: Hospitality SaaS cannot easily accelerate growth via additional sales spend
“There's almost this force of nature where it's actually really hard to grow the business faster than it's naturally growing because there are these time periods where a hotel company is looking for new technology either because they've bought one of our incumb…”
Patrick Bosworth Jul 31, 2017 ▶ 13:38 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Insight
Bosworth: VC valuations shifted from prioritizing burn to balancing growth and burn
“And so, Q-three of 20 15 was just the tail end of a period when valuations of growth tech companies were inversely correlated with cash burn. The more you burned, the higher you were valued, because there was almost an exclusive focus on growth. Now it's about…”
Patrick Bosworth Jul 31, 2017 ▶ 20:45 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
What-if
Bosworth: Duetto Would Not Exist Without Harvard MBA
“I don't think the company would exist without it.”
Patrick Bosworth Jul 31, 2017 ▶ 1:50 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Bosworth: Duetto has never lost a customer in five years
“We, we've literally never lost a company, a customer in five years.”
Patrick Bosworth Jul 31, 2017 ▶ 11:50 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Prediction Not checkable as stated
Bosworth: Duetto will reach a $50 million run rate next year
“I don't usually share the exact numbers, but we're a fraction of the number that you just claimed, you know, the back of the envelope that you did, but we will be there next year.”
Patrick Bosworth Jul 31, 2017 ▶ 15:28 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Bosworth: Duetto Boosts Hotel Revenue 6.5–8.5% and Profit 75–100%
“And in general, that increases their revenue by anywhere from six and a half to eight and a half percent, which increases their profit by 75 to a hundred percent.”
Patrick Bosworth Jul 31, 2017 ▶ 4:57 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Duetto burned over $1M per month for a couple of years
“Yeah, we did it for a couple years.”
Patrick Bosworth Jul 31, 2017 ▶ 18:39 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Insight
Bosworth: Variable Hotel SaaS Contracts Delay Negotiations by Months
“And so anytime we tried to do a more variable contract, a pricing negotiation that might take one to two weeks would drag on for one to two or three months.”
Patrick Bosworth Jul 31, 2017 ▶ 6:10 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Disclosure
Bosworth: Variable Upside Accounts for At Most 7–8% of Duetto Revenue
“It may have been seven or eight percent, but no more than that.”
Patrick Bosworth Jul 31, 2017 ▶ 6:50 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Insight
Bosworth: Hotel brands often neither own properties nor employ staff
“What a lot of people don't realize about the hotel industry today, though, Is that a lot of times the brand is no longer the operator. They've gone so asset light that they no longer, not only do they not own the underlying real estate, they also don't actuall…”
Patrick Bosworth Jul 31, 2017 ▶ 7:57 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Bosworth: Duetto makes $17k-$18k per hotel property annually
“So on a per property basis, I think today we're getting about 17 or 18,000 dollars per hotel per year.”
Patrick Bosworth Jul 31, 2017 ▶ 8:31 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Duetto's Valuation Jumped to $10M When Former Salesforce CTO Joined
“Marco and I were in Vegas at the time, and we were trying to raise money there. We were getting valuations more in the, you know, one to two million range. And the day that Craig joined, the valuations jumped up to the ten million dollar range.”
Patrick Bosworth Jul 31, 2017 ▶ 9:48 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Disclosure
Bosworth: Craig Weissman is Duetto's largest common shareholder
“He is the largest common shareholder. He has a plurality, but not a majority.”
Patrick Bosworth Jul 31, 2017 ▶ 11:07 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Duetto has an estimated 14-month CAC payback period
“Our payback period is about 14 months right now.”
Patrick Bosworth Jul 31, 2017 ▶ 11:30 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Bosworth: Duetto gross margins rose to mid-70s from 30s in one year
“Now ours is hovering in the mid seventies. It's healthy, but a year ago was in the thirties.”
Patrick Bosworth Jul 31, 2017 ▶ 16:25 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Bosworth: Duetto platform gross margin exceeds 95% excluding services
“So our platform gross margin is north of 95%. Our blended gross margin, including, you know, the onboarding services is where it dips down into the seventies.”
Patrick Bosworth Jul 31, 2017 ▶ 17:46 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m
Assertion Not checkable as stated
Bosworth: Duetto cash burn fell over 50% in 18 months
“Over the last 18 months has been more than cut in half, and we expect it to get cut in half again.”
Patrick Bosworth Jul 31, 2017 ▶ 18:27 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

The other half of the tape: Patrick Bosworth's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 2

Every mention by year

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2017 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m Jul 31, 2017 15m
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