Sam Pollaro, CEO and co-founder of Venga, estimates the company's brand count across restaurant and fitness customers.
0:00 / 0:04exact quote · 4.1s
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“Probably between a 152 hundred brands.”
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More from Sam Pollaro
What-if
Pollaro would wait much longer to raise funding if starting over
“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.”
Sam PollaroOct 11, 2019▶ 3:521539 How Venga Hit 2000 locations, $3.6m ARR on $2.7m Raised Helping Restaurants, Fitness Centers with Customer Experience
AssertionSupported
Pollaro: MindBody bought Booker to expand into appointment-based salon and spa verticals
“Well, I think actually Booker came with a company that does a little bit of what we do called Frederick. But really they were looking to expand their capabilities on the appointment side. So MindBody does a lot in class-based fitness, but they didn't have a ve…”
Sam PollaroOct 11, 2019▶ 6:171539 How Venga Hit 2000 locations, $3.6m ARR on $2.7m Raised Helping Restaurants, Fitness Centers with Customer Experience
Disclosure
Pollaro: Venga pays no kickbacks to Mindbody or OpenTable reps
“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.”
Sam PollaroOct 11, 2019▶ 10:171539 How Venga Hit 2000 locations, $3.6m ARR on $2.7m Raised Helping Restaurants, Fitness Centers with Customer Experience
AssertionNot checkable as stated
Pollaro: Mindbody and OpenTable clients churn less when using Venga
“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.”
Sam PollaroOct 11, 2019▶ 10:301539 How Venga Hit 2000 locations, $3.6m ARR on $2.7m Raised Helping Restaurants, Fitness Centers with Customer Experience
Insight
Pollaro: Raising another $5M-$10M resets a company's required exit to $100M+
“If I were to go out and raise money now, you know, I would be sort of resetting the goalposts for what it would mean to be a successful exit, right? You know you can do some quick math and figure out roughly where our valuation is now. And if we were to raise,…”
Sam PollaroOct 11, 2019▶ 13:251539 How Venga Hit 2000 locations, $3.6m ARR on $2.7m Raised Helping Restaurants, Fitness Centers with Customer Experience
AssertionNot checkable as stated
Pollaro: Venga serves about 2,000 locations
“We're about 2000 locations.”
Sam PollaroOct 11, 2019▶ 2:131539 How Venga Hit 2000 locations, $3.6m ARR on $2.7m Raised Helping Restaurants, Fitness Centers with Customer Experience
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