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Arendt: Restaurant workers love HotSchedules because it enables shift pickup

Mike Arendt · 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention · Jan 10, 2019 · at 11:05

Mike Arendt, CEO of HotSchedules, explains why frontline restaurant employees embrace their software unlike typical top-down enterprise software.

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“When you talk to a team member, someone that works in the restaurant, they'll tell you they love it. They love it because they don't look at it as I'm optimizing the business process for the manager operator. It's my method of engagement with the restaurant. It keeps me connected. It allows me to know when I'm going to work. It helps me make money by picking up more shifts.”

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More from Mike Arendt

Insight
Arendt: Restaurateurs prefer simplicity over functionality in software platforms
“We believe that you have to have actually a platform in place because restaurateurs are looking to sacrifice functionality for simplicity.”
Mike Arendt Jan 10, 2019 ▶ 4:55 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Assertion Not checkable as stated
Mike Arendt: HotSchedules hits 110 percent net retention despite restaurant closures
“Our gross retention is like 90% and our net dollar retention is a 110%, which is pretty amazing when four to five percent of our churn is uninfluenciable, right?”
Mike Arendt Jan 10, 2019 ▶ 5:52 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Assertion Not checkable as stated
Mike Arendt: HotSchedules has reached a $100 million revenue run rate
“We're on a hundred million dollar run rate.”
Mike Arendt Jan 10, 2019 ▶ 7:28 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Prediction Not checkable as stated
Arendt: Restaurant technology market fragmentation will drive an industry roll-up
“Given the fragmentation, there's a roll up strategy to happen, whether we're the ones driving it or someone else.”
Mike Arendt Jan 10, 2019 ▶ 14:43 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Assertion Not checkable as stated
Arendt: HotSchedules reaches 160,000 locations across 60 countries
“We're in a 160,000 locations. 60 countries, 35,000 different concepts, and we have three million team members that are connected to our network.”
Mike Arendt Jan 10, 2019 ▶ 2:34 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
Disclosure
Mike Arendt: HotSchedules charges restaurants up to $400 monthly per store
“We actually sell the products individually as best in breed, whether that's our labor, inventory, or operations management, task management, right? That can be anywhere from a hundred to 150 dollars, right, per store per month. The entire suite, that could be …”
Mike Arendt Jan 10, 2019 ▶ 4:09 1265 How $100m ARR HotSchedules Passed 160,000 Restaruant Customers, 110% Net Annual Dollar Retention
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