RiskScout CEO Justin Fisher reflects on key organizational lessons learned over his career during an interview with Nathan Latka.
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“Sometimes meritocracy builds internal struggle, internal competition, right? I've been in way too many businesses where it's like sales versus development or sales versus operations or what have you, right? And it's always about who's going to make the numbers, who's going to make president's club and end up on the beach.”
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More from Justin Fisher
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Fisher: Dispensary ATMs Can Be 15x More Profitable Than Regular ATMs
“And the funny side point to that is you put an ATM in a cannabis, cannabis dispensary because they're so cash based. Hopefully you don't rig people over the coals with fees, but they can be very lucrative about 15 times the profitability as a regular ATM.”
Fisher: RiskScout Targets an $8M to $10M Series A Round
“You know, like I think we're going to be looking around eight to 10. It's a pretty typical series A round. You know, honestly, man, the valuation is going to be interesting, right? Some of this is what market to bear, but you know, if I'm a founder saying what…”
Fisher: RiskScout Churn Is Non-Existent and Net Retention Over 100%
“Oh, absolutely. Yeah. The churn is like absolutely non-existent, right? Because the only churn that we kind of exposed to is if a bank calls back their program, but they don't really churn the enterprise agreements with us because it's very sticky, right?”
Fisher: RiskScout Serves Under 12 Banks and Over 1,000 Businesses
“So we have under a dozen banks. We have over a thousand businesses on the system. We have, like I said, probably an average of usage right now is averaging in the 15 to 20 K a month MRR.”
Fisher: RiskScout is on track to reach over $1M ARR by end of 2021
“Now we're, you know, approaching half, you know, half a million of AR. We're actually, the end of the year, we're approaching over a million of AR on track for.”
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