Doyle: Rent Like A Champion reached $3.3M in bookings in 2015
Mike Doyle · EP 489: $200k Shark Tank Deal, Cuban/Sacca, 30,000 People Booked $12M Worth of Sports Weekend Housing from RentLikeAChampion CEO Mike Doyle · Nov 25, 2016 · at 5:57
Mike Doyle, CEO of Rent Like A Champion, details the company's 2015 gross booking volume and net revenue to Nathan Latka.
0:00 / 0:05exact quote · 5.4s
720p mp4 · rendered on demand · StarZero watermark
“2015. This is just under 3.3 million. So we kept about 720,000.”
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 Mike Doyle
Chris Sacca invested in the company due to Airbnb FOMO
“I think there was maybe, I think there was definitely some FOMO from Airbnb.”
Rent Like A Champion raised $200k for 10% from Cuban and Sacca
“So we took a total it was 200,000 dollars for 10% of the company. So they each came in for a hundred grand and they each got a five percent of run like a champion.”
Doyle: Rent Like A Champion on pace for $4.5M in 2016 bookings
“And then this year we're on pace to four and a half million and kind of top line total rentals. And we'll keep just a shade under a million dollars in our fees.”
The platform takes 15% from hosts and 9% from renters
“So it's 15% on the homeowner side and then nine percent added onto the booking or excuse me, onto the booking. And I know that adds up to 24, but it's, you know, 15% that we take from the homeowners from their list price. So if it's a thousand, we take a 150 a…”