Arif Mamun, co-founder and CEO of C-Store Pro Technologies, discusses the scale of retail data collected across the platform's convenience store merchant base.
0:00 / 0:04exact quote · 4.6s
720p mp4 · rendered on demand · StarZero watermark
“The numbers now number in August was thirteen million.”
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More from Arif Mamun
Disclosure
Mamun: C-Store Pro is willing to push CAC to 1:1 LTV
“All things being equal, we'd go, we go all the way up to our lifetime value because we feel strongly that the LTV is, is going to rise on the other end.”
Arif MamunOct 19, 2016▶ 10:04EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn
PredictionNot checkable as stated
Mamun: Brick-and-mortar retail is about to experience an e-commerce-scale revolution
“A brick and mortar retail is about to go through the same revolution that, that e-commerce retail did in the early 2000, late 19 nineties.”
Arif MamunOct 19, 2016▶ 11:37EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn
AssertionNot checkable as stated
Mamun: C-Store Pro's annualized gross churn is under 5%
“Our churn currently is sub five percent annualized.”
Arif MamunOct 19, 2016▶ 6:30EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn
Disclosure
Mamun: C-Store Pro is pivoting from SaaS to data monetization
“The pivot that we're trying to do is, is, is from SAS to a data play, a much broader data play.”
Arif MamunOct 19, 2016▶ 7:48EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn
Disclosure
Mamun: C-Store Pro funds operations via bank credit lines and founder equity
“Bank credit lines. Even personal money. We're putting in our own equity into this thing.”
Arif MamunOct 19, 2016▶ 12:16EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn
AssertionSupported
Mamun: C-Store Pro has raised under $1M via convertible notes
“We've raised under a million.”
Arif MamunOct 19, 2016▶ 3:43EP 452: 70k MRR, CSTOREPRO, Data play, <1m Raised, <5% monthly churn
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