Carlo Cisco, founder and CEO of luxury membership club Meet Select, explains how the startup secures restaurant partnerships without Amex-scale transaction volume.
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.”