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Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Jacob Apple operated Bolt franchises in Cyprus, Malta, and Tunisia before buyout

Jacob Apple · He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec? · Oct 9, 2023 · at 3:19

Jacob Apple discusses the geographic scope of his former franchise business with European ride-hailing company Bolt prior to its acquisition.

0:00 / 0:13exact quote · 13.4s
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“As fairly minimal, I would say we, I was running three fairly small countries, Cyprus, Malta, and Tunisia. And it was bought themselves that acquired our business back.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jacob Apple

Prediction Not checkable as stated
Apple: Binder expects average customer spending to reach €2,000-€3,000 monthly
“So we would expect our average customer to pay us two to 3000 euros a month when we get deep enough with our penetration.”
Jacob Apple Oct 9, 2023 ▶ 9:10 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?
Disclosure
Jacob Apple personally invested $2.5M to $2.7M into Binder
“Yes, slightly more, two and a half, 2.7.”
Jacob Apple Oct 9, 2023 ▶ 13:06 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?
Assertion Not publicly verifiable
Jacob Apple: Regional Bolt franchise revenue exceeded $1 million annually
“Above a million is definitely not saying too much.”
Jacob Apple Oct 9, 2023 ▶ 4:38 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?
Disclosure
Jacob Apple: Majority of Bolt franchise buyout was paid upfront
“By far the majority was paid right away. And then there was like a percentage allocated to make sure that the whole operation that they were taking over was running smoothly.”
Jacob Apple Oct 9, 2023 ▶ 4:57 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?
Assertion Not checkable as stated
Apple: Binder customers currently pay an average of €500 monthly
“Today, they're paying us about 500 euros a month.”
Jacob Apple Oct 9, 2023 ▶ 8:39 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?
Disclosure
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“And we're spending about a 100,000 euros a month. It's a theme of 18, mainly developers.”
Jacob Apple Oct 9, 2023 ▶ 12:45 He's Spent $2m to Build a Better Quickbooks, Can he hit $1m ARR by Dec?
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