Assertion certainty 4/5 debate potential 1/5

Eric Min's previous enterprise software company secured a $100 million contract

Eric Min · 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised · May 14, 2017 · at 7:22

Zwift founder Eric Min describes the scale of the exit contract secured by his first enterprise trading platform company.

0:00 / 0:05exact quote · 5.1s
720p mp4 · rendered on demand · StarZero watermark
“So we were sitting on what amounted to a hundred million dollar contract.”

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 Eric Min

Opinion
Eric Min believes $10 is the optimal home fitness subscription price
“And we think that that solution is, is probably in the home. It's gotta be very, very, you know cost effective. So I think 10 dollars is, is, is probably the sweet spot.”
Eric Min May 14, 2017 ▶ 13:50 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised
Insight
Digital fitness platforms must build social community during the actual workout
“People like to work out with other people. So that you need to bring a social community. And so not after the fact, but during the activity.”
Eric Min May 14, 2017 ▶ 14:04 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised
Assertion Not checkable as stated
Zwift retains approximately 70% of its user base throughout the year
“So from the numbers that we see today it's probably, you know, 70% of the people will hang on throughout the year.”
Eric Min May 14, 2017 ▶ 14:54 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised
Assertion Supported
Zwift charges $10 monthly as a pure software subscription
“It's, we're a pure software company. It's a subscription business. We charge 10 dollars a month in, in most most countries.”
Eric Min May 14, 2017 ▶ 3:25 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised
Disclosure
Zwift has raised $45 million to date, including a Series A
“We just closed a series A round back in November. We've raised forty five million dollars a date.”
Eric Min May 14, 2017 ▶ 5:47 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised
Assertion Not checkable as stated
Investors in Eric Min's previous enterprise platform received an 8x return
“Right. In order to return eight times it was investors received eight times that money.”
Eric Min May 14, 2017 ▶ 8:10 659: He's Winning In Home Fitness Wars: $3+ Million Monthly Revenue, $45 Million Raised
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.