RentRedi CEO Ryan Brown discusses company growth metrics with Nathan Latka.
0:00 / 0:06exact quote · 6.6s
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“And we've three X that number actually this year, just in the year to date so far.”
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More from Ryan Brown
Insight
Early Co-Founders Should Split Equity Evenly Instead of Arguing
“I mean, I think it depends on your situation, but I mean in a lot of cases, I do lean more towards the side of saying it's easier to just split it with your founders, unless you have someone that's coming in later or something like that. But I tend to lean mor…”
Ryan BrownDec 19, 2021▶ 5:54RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
Disclosure
RentRedi Customers Pay an Average of Just $9 Per Month
“Believe it or not, they only pay nine dollars a month on average, and that's total per unit.”
Ryan BrownDec 19, 2021▶ 2:01RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
AssertionNot checkable as stated
RentRedi Consistently Grew 10% Month-Over-Month Throughout 2021
“This year alone, we've grown a 10% month over month.”
Ryan BrownDec 19, 2021▶ 9:24RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
AssertionContradicted
16 Million of America's 20 Million Landlords Are Individual Owners
“There's about twenty million landlords in the U S about sixteen million of those are our segment. They're the smaller landlord segment.”
Ryan BrownDec 19, 2021▶ 10:01RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
AssertionNot checkable as stated
RentRedi Initially Spent $1,000 to Acquire a $9-Per-Month Customer
“Going back to the beginning of last year we're, you know, spending upwards of a thousand dollars a customer to add To get it, to get a nine dollar a month customer.
Yep.
And as that year went on, I mean, we were able to drop that customer acquisition cost to, …”
Ryan BrownDec 19, 2021▶ 13:20RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
AssertionNot checkable as stated
RentRedi Tested 1,200 Different Ad Creatives in a Single Year
“We actually went through about 1200 different ad creatives over the course of last year.”
Ryan BrownDec 19, 2021▶ 14:23RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
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