4.6 • 683 Ratings
🗓️ 31 March 2020
⏱️ 16 minutes
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Experienced Founder with a demonstrated history of working in the health wellness and fitness industry. Skilled in Negotiation, Business Planning, Sales, Entrepreneurship, and Public Speaking. Strong business development professional with a Bachelor of Business Administration (BBA) focused in International Business.
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0:00.0 | Launch his company in 2015, Be Pretty, hopes over 3,500 salons manage their business, |
0:04.4 | has started in Chile by visiting 200, signed up 20 of them as VIP clients. |
0:08.8 | Again, now has 3,500 salon customers. |
0:11.6 | They pay about 80 bucks a month, doing $280,000 per month in revenue. |
0:14.9 | That's up 3x year over a year. |
0:16.4 | They're doing about $95,000 per month just a year ago. |
0:19.0 | They are burning capital, burning about $100,000 per month just a year ago. They are burning capital, burning about $100,000 per month. |
0:21.4 | They've raised $4 million, hoping to close another $5 million here in the next couple of months. |
0:24.6 | Team of 57 in Chile and other remote locations moving aggressively into Mexico. |
0:28.8 | In terms of economics on the customers, 18% annual logo churn, they spent about $125,000 to get a new paying customer with a two-month payback period. |
0:37.9 | Hello, everybody. |
0:38.5 | My guest today is Alvaro Lauren Aga. |
0:42.2 | He's an experienced founder and with a demonstrated history of working in the health |
0:45.6 | wellness and fitness industry. |
0:47.2 | He's skilled in negotiation, business planning, sales, entrepreneurship, and public speaking |
0:50.4 | with strong business development professional background and a bachelor's of BA focused in |
0:54.9 | international business now building his company called B Pretty. All right, Alvaro, are you ready to |
0:59.1 | take us to the top? Yeah, let's go. All right. So what's be pretty do? Is it a software company? |
1:05.6 | Yeah, so, well, we are a marketplace for beauty services, but with a huge focus on our software for our beauty salons. |
1:14.3 | Okay. Do you charge fees on one side of the marketplace as a SaaS model or no? |
1:19.6 | Exactly. Yeah. We have the SaaS model where we charge a fixed fee to all of our beauty salons |
1:25.0 | in order for them to use the SaaS. Okay. So beauty salons or who you're kind of monetizing and how many beauty salons in order for them to use the SaaS. |
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