Founder Francois Galliette burned $12M CAD from friends over ten years
Francois Galliette · Amilia Makes $8m/yr From Event Organizers on 3 Revenue Streams · Jan 4, 2021 · at 9:34
Francois Galliette, founder and CEO of recreation platform Amilia, discusses the company's financing history with host Nathan Latka.
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“Well, it's bootstrapped from my money and my friends. So over 10 years, we've burned, there were twelve million Canadians over 10 years from me and my friends.”
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More from Francois Galliette
Galliette: US recreation market is a neglected $500B software opportunity
“There's probably half a trillion dollars spent in the US. But nobody is taking care of that market.”
Amilia boosts customer revenue by 20% on average
“Typically, an organization, when they put in Amelia, they increase their revenue by 20%.”
Galliette: Activity-based e-commerce is harder to build than traditional e-commerce
“Probably that's much more difficult to build an e-commerce platform for those organizations that is to do it for traditional e-commerce.”
Amilia charges $99/month plus transaction fees to generate $10K per club
“Typically, they pay me nine, nine dollars per month. One percent of every transaction plus three percent of credit cards. So most of the money I made is transactional. Typically, I do about, I generate about 10,000 a year with a club, but it goes through fees.”
Galliette: Amilia operates at a $350M GMV run rate across 1,000 organizations
“Well, unfortunately with the COVID it's probably around two hundred million, but on the run rate of three hundred and fifty million. So it adds very a lot. But we're at a run rate of three hundred and fifty million. Across a thousand organizations.”