Kumar: ClickIt did not reset cap table or wash out early investors
Vivek Kumar · 1332 We almost missed payroll 3 months ago as we reset 5 year old business · Mar 18, 2019 · at 9:08
Vivek Kumar, co-founder of ClickIt, discusses the decision to protect early angel investors on the cap table during the company's pivot from hospitality Wi-Fi.
0:00 / 0:02exact quote · 2.5s
720p mp4 · rendered on demand · StarZero watermark
“We did not. There was debate about whether to do that.”
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 Vivek Kumar
Vivek Kumar: ClickIt receives about 10,000 responses per day
“In total, we across different solution sets we have, we probably get about 10,000 responses a day.”
ClickIt generates $10k–$20k monthly revenue with $10k recurring
“So total revenue per month is between 10 and 20,000 dollars. About half of that's recurring. So about 10,000 a month in recurring. The new offering that John is talking about in more detail, it's about a thousand a month in recurring. So within three months, w…”
Kumar: ClickIt had 29% retention in hospitality, zero churn across 3 new clients
“I mean, in our hotel business, it was 29% retention, about 25 paying customers. In this space, the three paying customers to date, zero so far in the three months.”