Ethan Anderson
speaker
232 appearances
1 recordings
1 series
first heard Nov 2015
last heard Nov 2015
Ethan Anderson’s voice in public audio — every appearance, attributed to the second.
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Appearances
More or less than $3 million a month?
Yeah, again, I can't share the revenue because we haven't done that before, so I can't actually share the confidential financials of the business.
But it's growing extremely quickly, and I think that the opportunity to become a billion-dollar business is definitely there.
Well, I mean, for the MyTime scheduler business, you know, it's going to be, you know, hundreds of, it's in the triple digits percentages per year.
But it's a new business.
So we're starting from a small base.
So it's a little bit of an unfair comparison.
But, you know, we're only seeing the number of signups per month increase every single month.
And the great thing about SaaS is as long as we keep our churn rate low, this business just keeps getting bigger and bigger.
It's under 10% per month.
That's still a problem, though.
That's why I said if we keep the churn rate low.
I think that as a newer product on the market, we had things to learn that probably affected the early churn rate, but that's a real focus of the company now, and it's coming down very, very quickly.
I mean, I think that you're talking about a very logical way of investing.
I do think that sometimes in a Series A, there's probably a little bit more about the growth story and the vision that you can convey to investors and get them excited.
So what you're talking about is probably a little bit more of a mature stage company, maybe even a Series B. Got it, got it.
So maybe you're doing less than a million bucks per month.
Got it.
One thing that you have to add on with our business, if you really understand it, and I'll explain something very interesting to you because this is super unique.
Every time we acquire a small business, let's call it a merchant, to MyTime, they bring with them a gift for us.
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