Josh McCarter, CEO of Booker, recounts the company's annual revenue during its first year operating as an independent spin-out in 2011.
0:00 / 0:02exact quote · 2.8s
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“You know, we were in the low single millions.”
quote is from the automated transcript, cleaned for reading:
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More from Josh McCarter
AssertionNot checkable as stated
McCarter: Booker processed nearly $3.5B across 10,000 locations in 2016
“And we did last year, we did almost three and a half billion dollars of transactions across the 10,000 locations.”
Josh McCarterApr 10, 2017▶ 12:57EP 625: Booker $80M Raised, $3.5B in 2016 Volume, $1.5M+ MRR Helping 10,000 Spas and Salons Manage Business and Transactions with CEO Josh McCarter
Disclosure
McCarter: Booker charges $100-$250 per month plus merchant processing fees
“We charge anywhere from call it a hundred to 250 bucks a month for the subscription revenue. Then we also make money on merchant processing. We have several integrated merchant processing partners. And then the third piece is we sell a add on product called Fr…”
Josh McCarterApr 10, 2017▶ 2:41EP 625: Booker $80M Raised, $3.5B in 2016 Volume, $1.5M+ MRR Helping 10,000 Spas and Salons Manage Business and Transactions with CEO Josh McCarter
Disclosure
McCarter: Subscriptions account for roughly 70% of Booker's revenue
“Probably 70%.”
Josh McCarterApr 10, 2017▶ 5:03EP 625: Booker $80M Raised, $3.5B in 2016 Volume, $1.5M+ MRR Helping 10,000 Spas and Salons Manage Business and Transactions with CEO Josh McCarter
AssertionSupported
McCarter: Booker raised nearly $80M across three financing rounds
“We're just shy of eighty million at this point. We've done three, three rounds of financing.”
Josh McCarterApr 10, 2017▶ 7:26EP 625: Booker $80M Raised, $3.5B in 2016 Volume, $1.5M+ MRR Helping 10,000 Spas and Salons Manage Business and Transactions with CEO Josh McCarter
AssertionNot checkable as stated
McCarter: Booker has 10,000 live locations and 2,000 on Frederick
“So we have about 10,000 locations that are live on the on, on Booker, and about 2000 that are on Frederick.”
Josh McCarterApr 10, 2017▶ 8:58EP 625: Booker $80M Raised, $3.5B in 2016 Volume, $1.5M+ MRR Helping 10,000 Spas and Salons Manage Business and Transactions with CEO Josh McCarter
AssertionNot checkable as stated
McCarter: Booker has 24 months of cash runway
“And so now we're, you know, it's really about, I got, you know, 24 months of execution in front of me. And . Does that mean 24 months of runway? Yeah, 24 months of runway.”
Josh McCarterApr 10, 2017▶ 13:37EP 625: Booker $80M Raised, $3.5B in 2016 Volume, $1.5M+ MRR Helping 10,000 Spas and Salons Manage Business and Transactions with CEO Josh McCarter
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