4.6 • 683 Ratings
🗓️ 14 December 2019
⏱️ 12 minutes
🧾️ Download transcript
Karen Cantwell is a born innovator. In 2014 she launched TicTocTrack® - the first GPS smart watch globally for children, following up with a bespoke software-monitoring platform. That platform now hosts multiple GPS devices providing one platform for the safety of all the family. Karen hold’s a MBA from QUT.
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0:00.0 | She launched I Stay Safe Corp, which basically helps you keep your family members safe. |
0:04.1 | Now, over 1,000 members paying to keep their members safe. |
0:07.7 | 20 bucks a month on average in about 20 grand per month today. |
0:11.4 | That's up from 11 grand a month just about a year ago. |
0:13.8 | So healthy growth, burning about 10 grand per month, but they've raised about 1.6 million bucks |
0:17.1 | from a nice angel down in Brisbane and Australia. |
0:19.9 | Four people full time. Again, |
0:21.4 | all down there in Brisbane, about 85% logo churn per year. That's why they're adding new products |
0:26.3 | to basically tie up and expand more of the product cycle. Spending call up between two and four bucks. |
0:32.2 | So acquire one of these new customers. So quick payback period. Hello, everybody. My guest today is |
0:37.2 | Karen Cantwell. |
0:38.3 | She was a born innovator. |
0:39.6 | In 2014, she launched TikTok track, the first GPS smartwatch globally for children, |
0:45.2 | followed up with a bespoke software monitoring platform. |
0:47.7 | That platform now hosts multiple GPS devices, |
0:50.1 | providing one platform for the safety of everybody in your family. |
0:53.4 | She holds an MBA from QUT. Karen, are you ready to take us to the top? |
0:58.4 | Yeah, for sure. Lovely to be talking to you. |
1:00.5 | Okay, so tell us about I Stay Safe. What's the company do specifically? |
1:04.8 | And are you a hardware company or a PurePlay SaaS company? |
1:08.5 | So we're pretty much a little bit of both. When we first started in 2012 with |
1:13.7 | TikTok Track, it was primarily to have a hardware solution for children to keep them safe |
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