Aaron Carr
👤 SpeakerAppearances Over Time
Podcast Appearances
So we've done about 1.5 today.
We've got another 2 million that will come in by the end of the year.
So the gift cards, it's very thin margin.
It's 3%.
So wish it were more.
We're working on negotiating the margins, but gift cards are notoriously thin margin in that perspective.
No, that's our total volume.
I wish it was our 3% take.
We're working on getting there.
No, no, MRR is completely distinct.
So MRR is pure, like the customer has two charges effectively.
They've got their recurring charge, obviously for their subscription, and then they separately buy rewards.
So those are more on an invoiced basis.
Correct.
In fact, our total, I refer to it as net platform revenue.
So net platform revenue for last month was closer to 40K.
I'd like to say we're mostly bootstrapped.
In 2018, I got it in my head that we needed to raise some capital.
We did a very small pre-seed round, less than 300K Canadian.
So very little in terms of dilutionary impact.