The Ledger
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Chris Sacca invested in the company due to Airbnb FOMO
“I think there was maybe, I think there was definitely some FOMO from Airbnb.”
Rent Like A Champion raised $200k for 10% from Cuban and Sacca
“So we took a total it was 200,000 dollars for 10% of the company. So they each came in for a hundred grand and they each got a five percent of run like a champion.”
Doyle: Rent Like A Champion on pace for $4.5M in 2016 bookings
“And then this year we're on pace to four and a half million and kind of top line total rentals. And we'll keep just a shade under a million dollars in our fees.”
Doyle: Rent Like A Champion reached $3.3M in bookings in 2015
“2015. This is just under 3.3 million. So we kept about 720,000.”
The platform takes 15% from hosts and 9% from renters
“So it's 15% on the homeowner side and then nine percent added onto the booking or excuse me, onto the booking. And I know that adds up to 24, but it's, you know, 15% that we take from the homeowners from their list price. So if it's a thousand, we take a 150 a…”
Rent Like A Champion partners with six PGA tournament events
“So I mentioned PGA were actually, you know, officially partnered with six PGA tournament events where we are their private home rental provider.”
Average order value is $1,650 for a two-night rental
“So the average rental through our site is about 1650 dollars. That's for a two night rental.”
Platform expects to surpass $12M in cumulative volume through 2016
“Just a little over twelve million that that we'll do, including all of 2016.”
Shark Tank producers revealed the investor panel 12 hours before filming
“We got a call from the producers the night before we were going to film, letting us know who our panel of sharks was going to be. So up until, you know, 12 hours before we didn't know that Chris was going to be there.”
Doyle: Rent Like A Champion has an average 50% reorder rate
“About 50% once we can get somebody in the door.”
The platform averages 50% inventory utilization on college football weekends
“So depending on, you know, for instance Notre Dame versus Texas last year, we were probably at like 90% an average game I'd say is more like 50%, just cause there are, there is such fluctuation.”
Cuban and Sacca reply to portfolio emails within 30 minutes
“Yet if we email them something, they're responding within 30 minutes.”
Pre-Shark Tank fair market valuation was between $3M and $5M
“At the time, you know, we thought it was somewhere between three and five million dollars, just kind of looking at comparable businesses and kind of where we were.”
The platform completed 7,500 bookings averaging eight guests per rental
“Book destinations. It's more like seven, 500. So it's usually about eight, eight fans is kind of on average per rental.”
Doyle: Rent Like A Champion has over 3,000 listings across 100+ towns
“So we have over 3000 homes on the platform. We have properties available in over a hundred towns around the country. There's really about 25 towns that we kind of consider to be core markets where, you know, we have a good concentration of homes.”