Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Patrick Bosworth

๐Ÿ‘ค Speaker
221 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

So our platform gross margin is north of 95%.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Our blended gross margin, including the onboarding services, is where it dips down in the 70s.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

So

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

You know, we've just about doubled it, maybe a little more than doubled it in the last 12 months.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And we expect it to get into the 80s by next year.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

That's right.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Makes good sense.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And that's also why cash burn over the last 18 months has been more than cut in half, and we expect it to get cut in half again.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Oh, yeah.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Um...

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Part of it was naivete at one point.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I thought you were going to say drugs.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

No, I've actually tried really hard to avoid.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I mean, I travel to like 30 countries a year, so I'm constantly dealing with jet lag and I try really hard not to.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I mean, I know you were joking, but like to not take drugs to sleep has actually been something that's been a definitive choice.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Have you experimented with nootropics?

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I have.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I've kind of done it all.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

In the end, I just find that

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Sometimes you're just tired.