Prediction certainty 4/5 debate potential 1/5

Loreca Predicts at Least $1 Million in Total Revenue for 2023

Bart Jan Yates · 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months · Jan 15, 2023 · at 7:52

Bart Jan Yates, founder of Loreca, projects the company's full-year 2023 revenue target.

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“We hope to be one million. [476] Bart Jan Yates: Certainly. [477] Bart Jan Yates: This is like our, like least least that we should have.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Bart Jan Yates

Assertion Not checkable as stated
Yates Claims a 30% Click-Through Rate on Loreca's Newsletter
“No, two, sorry, 30% of everyone clicks through our website reader blog.”
Bart Jan Yates Jan 15, 2023 ▶ 13:34 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months
Assertion Not checkable as stated
Loreca Generated $22 Million in Incremental Revenue for Clients in 2022
“So it's hard, but I think it's around twenty two million that we earned extra last year.”
Bart Jan Yates Jan 15, 2023 ▶ 5:49 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months
Assertion Not checkable as stated
Loreca Has 290 Hotel Customers Across Western Europe
“Yeah, we have so right now we have 290 customers all around Western Europe. So it goes from hotels from 20 rooms to hotels with 60, 70 rooms.”
Bart Jan Yates Jan 15, 2023 ▶ 2:28 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months
Disclosure
Loreca Averages $2,000 Monthly Revenue per Hotel on Performance Model
“Well, it's around 2000 but it depends as we work with a no cure, no pace. So we take cuts on everything we earn more.”
Bart Jan Yates Jan 15, 2023 ▶ 3:35 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months
Disclosure
Loreca Takes a 25% Cut of Incremental Hotel Revenue
“From this extra money we take a cut, but this cut is like, it all depends on- [278] Nathan Latka: What cut do you take? [281] Bart Jan Yates: it's most of the time, 25%.”
Bart Jan Yates Jan 15, 2023 ▶ 4:32 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months
Disclosure
Loreca Is Completely Bootstrapped Without Outside Capital
“We are bootstrapped.”
Bart Jan Yates Jan 15, 2023 ▶ 8:57 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months
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