The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 12 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Rea: Podium's gross monthly customer churn hovers around 1%
“We usually focus on a net churn, but our gross hovers around about one percent monthly, which in our space is extremely good.”
Rea: Podium's average customer lifetime value is about $10,000
“So our LTV, our average LTV is about 10 grand. So if you take, it's about three, three year lifetime.”
Eric Rea: Podium Charges $299 per Month per Location
“So we charge it. 299 dollars a month. And that's per location.”
Eric Rea: Podium Customers Pay an Average of $400 Monthly
“So average customers paying us about 400 dollars a month.”
Podium expanded from 15 to 110 employees over 12 months
“End of 20 15. We had 15 employees. And then today we have a 110.”
Podium raised $500k seed in 2014 and $3.5M in December 2015
“We raised 500 grand in 2014. So that was our kind of seed round. And then we raised three and a half in December of 2015.”
Rea: Small businesses go out of business at about 1% monthly
“Small businesses go out of business at about one percent monthly.”
Rea: Podium maintains a net negative churn of about 2% monthly
“And then we really focus on our net churn, which is about negative two percent monthly.”
Rea: Podium spends about $1,200 on average to acquire a customer
“We spend about 1200 dollars to acquire a customer. That's our cap.”