Disclosure certainty 4/5 debate potential 1/5

Alyce takes a 20% to 35% cut from 460 partner merchants

Greg Segall · EP 552: $300k last 12 months To Help Sales People Find Perfect Gifts with CEO Greg Segall · Jan 27, 2017 · at 3:36

Greg Segall, founder and CEO of AI corporate gifting platform Alyce, explains Alyce's monetization model to Nathan Latka.

0:00 / 0:16exact quote · 16.1s
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“What we've done is we've partnered with about 460 merchants now that cut us a piece of the transaction, because basically we are getting them inside of the corporate gifting budgets, which they have no no way of getting into otherwise. So they cut us anywhere between 20 to 35% of every transaction.”

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More from Greg Segall

What-if
Segall sacrificed $2M to $3M in valuation to pick operator investors
“Like we probably could eat out another two to three million dollars on valuation. But we decided not to and I decided to go with the investors for That I wanted based on, you know, what they thought, you know, in the stage that we are in the business”
Greg Segall Dec 17, 2018 ▶ 14:40 1241 His New Way to Prospect Just Passed $1m in ARR, $5.4m Raised
Prediction Not checkable as stated
Segall: Alyce expects 25% gross margins and 8% to 12% net margins
“So gross margin will be somewhere on the order of probably 25%, and then net margin will probably be eight to 12%, I guess.”
Greg Segall Jan 27, 2017 ▶ 6:34 EP 552: $300k last 12 months To Help Sales People Find Perfect Gifts with CEO Greg Segall
Prediction Not checkable as stated
Segall: Alyce on pace to generate $4.7M in 2017
“Cause we're right now just with contracts already, we're on pace to do probably about 4.7 million next year.”
Greg Segall Jan 27, 2017 ▶ 7:54 EP 552: $300k last 12 months To Help Sales People Find Perfect Gifts with CEO Greg Segall
Disclosure
Alyce plans a bid-for-placement merchant directory ranked by margins
“Eventually, we will probably turn this into more of like a bid, bid for play thing... Which one am I going to show first? I'm probably going to end up showing the one that shows more margin, or gives us more margin, so obviously in the end it can end up becomi…”
Greg Segall Jan 27, 2017 ▶ 11:41 EP 552: $300k last 12 months To Help Sales People Find Perfect Gifts with CEO Greg Segall
Disclosure
The majority of Alyce revenue comes from SaaS subscriptions
“The whole company obviously still makes a lot of money off of the gifts itself and the transactions, but a majority of the money is coming in from SAS.”
Greg Segall Dec 17, 2018 ▶ 2:13 1241 His New Way to Prospect Just Passed $1m in ARR, $5.4m Raised
Disclosure
Segall: Alyce has raised about $5.9M in total funding
“Altogether about 5.9.”
Greg Segall Dec 17, 2018 ▶ 3:04 1241 His New Way to Prospect Just Passed $1m in ARR, $5.4m Raised
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