The Ledger
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Litvak: Most VCs laughed at youth sports market size before 2015
“Most VC or institutional investors laughed at it in our face that this was a market, a total addressable market. That was large enough to attract venture investing.”
Litvak estimates the U.S. youth sports transaction market at $15 billion
“And we believe this is a fifteen billion dollar market of transactions for team sports in the U.S., which parents and players pay to their organizations.”
LeagueApps charges zero SaaS fees, monetizing solely on transactions
“So we, the way we built our pricing is that we don't have a SAS fee. All of the fee is based on the transactions that are processed.”
LeagueApps hosts over 3,000 sports leagues on its platform
“Greg we have 3000 plus leagues on our platform.”
Litvak: LeagueApps took nine years to reach $1 billion in cumulative GMV
“We hit, it took us nine years to get to a billion total, and now we're eager to get to a billion a year and beyond.”
LeagueApps is shifting from outbound sales to an inbound marketing model
“We're going much more to a marketing-driven approach. Where we're putting out better content and community and engaging with sports organizations. Referrals is actually a big one too. And then going more inbound where then our sales team is more taking the int…”
Litvak: LeagueApps had over 100% net revenue retention pre-COVID
“Before COVID, we were. We believe we'll be back there. It's hard to, again, calculate. We're looking at it month by month, but yes, we're a company that is, is above a hundred percent net revenue retention.”
Litvak: LeagueApps achieved a profitable Q3 in 2020
“We had a profitable Q three that we were proud of.”
Litvak: Youth sports returned across US communities throughout 2020
“We saw sports come back and return to play across communities all over the country happen in the spring and the summer and even into the fall.”