4.6 • 683 Ratings
🗓️ 1 November 2019
⏱️ 21 minutes
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Carlo Cisco is a serial entrepreneur who has founded multiple successful companies and helped grow category-defining brands. Carlo is currently the Founder & CEO of SELECT, which has been heralded as "AMEX for the Next Generation" and "The Black Card for Millennials". Carlo is also a member of YEC and has been featured in 100+ stories across numerous media outlets including Entrepreneur, Forbes, and Huffington Post.
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0:00.0 | launched meet select in 2014 again site that gets you exclusive deals across many thousands of |
0:04.8 | locations all around the world whether it's dining hotels experiences many other things even nine |
0:09.2 | people based up in new york about 15 000 members that pay a membership fee they're doing about |
0:13.4 | two million bucks in terms of run rate today that's up from 1.2 million run rate just a year ago |
0:17.5 | in november 2017 they've done all this pretty capably efficient about 22.5 million bucks in capital raise. 30% revenue turn per year, kind of high, but not |
0:25.6 | bad for consumer space. $250 KAC to acquire the $300 customer, so pretty instant payback, |
0:30.4 | because it's all paid up front. Looking now at launching a banking product, hopefully raising maybe |
0:34.6 | $10 million on a $40 pre or something like that. Last round was call it 12 million pre. |
0:39.4 | Hello, everyone, Nathan Latke here. |
0:41.3 | My guest today is Carlos Sisko. |
0:43.0 | He's a serial entrepreneur who's founded multiple successful companies and helped grow category |
0:46.6 | defining brands. |
0:47.5 | He's currently the founder and CEO of Select, which has been heralded as Amex for the next |
0:52.1 | generation and the black card for millennials. |
0:58.4 | He's also a member of YEC and has been featured in 100 plus stories across many different media outlets, including entrepreneur Forbes and the Huffington Post. |
1:01.4 | Carlo, are you ready to take us to the top? |
1:03.4 | Yeah, I'm excited. |
1:04.5 | All right. |
1:04.8 | Most people when they think about rewards cards, they think, oh, like, I'm going to get some like weird token thing that I'm never going to know how to actually use or exchange. |
1:12.0 | Walk me through how Meat Select is attacking this market. |
1:14.8 | Yeah, exactly. |
1:15.8 | So that's sort of exactly the way the system works today. |
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