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 13 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
Arendt: Restaurateurs prefer simplicity over functionality in software platforms
“We believe that you have to have actually a platform in place because restaurateurs are looking to sacrifice functionality for simplicity.”
Mike Arendt: HotSchedules hits 110 percent net retention despite restaurant closures
“Our gross retention is like 90% and our net dollar retention is a 110%, which is pretty amazing when four to five percent of our churn is uninfluenciable, right?”
Mike Arendt: HotSchedules has reached a $100 million revenue run rate
“We're on a hundred million dollar run rate.”
Arendt: Restaurant technology market fragmentation will drive an industry roll-up
“Given the fragmentation, there's a roll up strategy to happen, whether we're the ones driving it or someone else.”
Arendt: HotSchedules reaches 160,000 locations across 60 countries
“We're in a 160,000 locations. 60 countries, 35,000 different concepts, and we have three million team members that are connected to our network.”
Mike Arendt: HotSchedules charges restaurants up to $400 monthly per store
“We actually sell the products individually as best in breed, whether that's our labor, inventory, or operations management, task management, right? That can be anywhere from a hundred to 150 dollars, right, per store per month. The entire suite, that could be …”
Arendt: HotSchedules was the #3 overall paid App Store app in 2017
“We're the number one downloaded paid app on the app store. Number three, overall paid app in the app store in 2017.”
Mike Arendt: HotSchedules is growing revenue at 20 percent annually
“Actually, if you look at our ARR, we'll be close to 20% right year over year, which is pretty good given how big we are and we're still growing at a fast pace.”
Arendt: Restaurant workers love HotSchedules because it enables shift pickup
“When you talk to a team member, someone that works in the restaurant, they'll tell you they love it. They love it because they don't look at it as I'm optimizing the business process for the manager operator. It's my method of engagement with the restaurant. I…”
Mike Arendt: HotSchedules maintains an LTV-to-CAC ratio of up to 5-to-1
“So we pretty, we have a good LTV to CAC, right? It's four to five.”
Mike Arendt: HotSchedules delivers 2 percent labor savings within two months
“One to two percent labor savings within the first one to two months of using our application.”