The Ledger
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Anand aims for OpenSponsorship to hit $2M to $3M revenue in 2016
“And, you know I would like to say that we should be at Kind of two, three million by the end of the year.”
OpenSponsorship charges brands $400 monthly plus commission on cash deals
“We charge it around 400 dollars a month. So it's not a kind of huge barrier to entry. And then when a deal is done, that is a cash deal because you can do product deals where you just gift product, you can do a royalty, like an affiliate marketing deal. But if…”
OpenSponsorship pegs minimum customer lifetime value at $1,200
“So we think that people will sign up for between three and six months ago. So we kind of peg it at the low end at 1200.”
Anand reveals receiving a signed term sheet live on the podcast
“While you speak to us, we actually just got a, like a signed term sheet today from someone, so it kind of changes the game.”