Assertion certainty 4/5 debate potential 1/5

Phenom peaked at over 25,000 monthly active users in early 2016

Brian Verne · $700k Raised For App That Connects Brands to High School Athletes With Brian Verne of Phantom EP 210 · Mar 30, 2016 · at 6:36

Brian Verne, CEO of Phenom, provides specific monthly active user figures to Nathan Latka.

0:00 / 0:16exact quote · 16.9s
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“Our general, you know, monthly actives are anywhere from, you know, in the tens of thousands all the way up to, we had, you know, over 25,000 monthly actives you know, in the last in the last quarter at one point.”

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Insight
Verne: Sports brands crave high school athletes over pro influencers
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Assertion Not checkable as stated
Phenom has about 60,000 high school athlete users
“So we have about 60,000 high school athletes that are using the platform.”
Brian Verne Mar 30, 2016 ▶ 6:06 $700k Raised For App That Connects Brands to High School Athletes With Brian Verne of Phantom EP 210
Assertion Not checkable as stated
Phenom users have tagged over 250,000 products to their profiles
“Our users have added over 250,000 products to their phenom profiles”
Brian Verne Mar 30, 2016 ▶ 7:11 $700k Raised For App That Connects Brands to High School Athletes With Brian Verne of Phantom EP 210
Disclosure
Verne: Phenom has raised over $700k including 500 Startups
“So overall, we've raised a little over 700,000 between some notes and some equity, and then, you know, now we're in 500 startups you know, batch 16 here in San Francisco, and so that, you know, that comes with you know, a small investment as well.”
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Disclosure
Brian Verne takes a $30k founder salary and often foregoes pay
“About 30,000 bucks a year, and there are many times where we haven't paid ourselves.”
Brian Verne Mar 30, 2016 ▶ 12:37 $700k Raised For App That Connects Brands to High School Athletes With Brian Verne of Phantom EP 210
What-if
Knowing startup difficulties early would have caused Brian Verne to quit
“I don't necessarily wish I knew this, because I think we probably would have quit, even during our first startup, but just how difficult, you know, it really is to, you know, build a business, and, you know, to grow it, and to see it scale, and, you know, to d…”
Brian Verne Mar 30, 2016 ▶ 20:14 $700k Raised For App That Connects Brands to High School Athletes With Brian Verne of Phantom EP 210
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