1173 Loyalty Perk SaaS Hits 2300 Locations, $2.3m in ARR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 • 683 Ratings

🗓️ 10 October 2018

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sunil is Founder and CEO of Perkville, a rewards platform for local businesses. He started Perkville to help SMBs compete with large companies by giving them a powerful, yet affordable program. He now works with companies of all sizes with over 2,000 locations and 1 million consumers participating each month.

Transcript

Click on a timestamp to play from that location

0:00.0	Learn financials earlier from Sunil, founded Perkville in 2010, now doing about 2.3 million bucks per year and ARR growing 15% year over year.
0:09.1	They've got healthy economics.
0:10.2	They serve over 2,300 locations, again, helping those locations create loyalty systems that actually work, perks that work, because it's built directly into the point of sales system.
0:18.8	They make, again, about $83 per location on a weighted average.
0:22.6	Obviously, current customers are signing up.
0:24.0	It's closer to 120.
0:25.3	But they've got about 2,300 locations.
0:27.0	So good reach.
0:27.7	They pay about $750 to sign up a location.
0:30.5	Lifetime value on that, KAC, is three grants, a healthy ratio there.
0:33.2	They get their money back in about nine months with their team of 13 based out there in Oakland.
0:39.0	This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich or crash and burn.
0:50.3	Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines.
0:59.0	We went from a couple hundred thousand dollars to $2.7 million.
1:03.0	I had no money when I started the company.
1:05.0	It was $160 million, which is the size of any IPOs.
1:08.0	We're a bit strapped.
1:09.0	We have like 22,000 customers.
1:13.2	With over 5 million downloads in a very short amount of time,
1:17.4	major outlets like Inc are calling us the fastest growing business show on iTunes.
1:22.4	I'm your host, Nathan Latka, and here's today's episode.
1:26.9	Hello, everyone.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.