Assertion certainty 4/5 debate potential 1/5

Blachman: Tophatter averages a 25% take rate

Andrew Blachman · 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue · Dec 26, 2017 · at 2:09

Andrew Blachman, CEO of mobile discovery marketplace Tophatter, breaks down the platform's revenue model and fees with host Nathan Latka.

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“So it varies based on the category and the seller, but on average, our take rate is about 25%.”

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 Andrew Blachman

Insight
Blachman: Raising $1B limits e-commerce exits exclusively to IPOs
“The options available for you as a company in e-commerce is really just one, and that's to go public at some point. There aren't a lot of acquirers out there that can, they can you know, create, create success.”
Andrew Blachman Dec 26, 2017 ▶ 11:56 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue
Assertion Not checkable as stated
Tophatter attracts millions of daily active consumers
“But now today we've got, you know, millions of consumers coming every day.”
Andrew Blachman Dec 26, 2017 ▶ 3:04 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue
Prediction Not checkable as stated
Blachman: Tophatter will hit $300M-$400M GMV and $80M-$100M revenue in 2017
“So this year we'll do somewhere between three and four hundred million dollars of Gross transactions and our take be between an 80 and a hundred million.”
Andrew Blachman Dec 26, 2017 ▶ 5:17 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue
Disclosure
Blachman: Tophatter operates at breakeven to maximize growth
“We essentially are operating at breakeven pace in order to grow as fast as we can.”
Andrew Blachman Dec 26, 2017 ▶ 7:19 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue
Prediction Didn’t hold up
Blachman: Tophatter will reach $1B+ in top-line revenue within a few years
“And we think that within a few years, you know, this is at least a billion dollar top line business.”
Andrew Blachman Dec 26, 2017 ▶ 11:12 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue
Insight
Blachman: Non-incremental 10x marketing jumps destroy e-commerce unit economics
“We pour all of the contribution back into more marketing so that we grow our marketing spend But we do it incrementally instead of in one fell swoop, because if you do it in one fell swoop, there's no way the economics are going to hold.”
Andrew Blachman Dec 26, 2017 ▶ 13:55 885 Auction Marketplace will Sell $500m This Year, Takes 25% As Revenue
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