Ben Gilbert: evaluation

Transcript context

…Those are Netflix numbers there. I think it's meaningfully better than Netflix. I should look at what Netflix’s churn is, but I think that is the best I've ever seen. On the one hand, it's hard to acquire customers because you got to go sell them a $2400 bike. On the other hand, once you get them, boy is that sticky. I don't know what revenue was for 2014, which is their first kind of full year of sales and then they implemented some of these strategies. I believe it was $10 million. In 2015 though, they did $60 million of revenue, and ahead of that at the end of 2014, they're able to raise their first institutionally led round of capital. This is 2014 led by the legendary early-stage investor, just technically a Series B but the seed was the $400,000 round and then the A was still individual's $3.5 million round, led by the legendary seed investor. They are quite now a legendary seed investor, among others—Tiger Global. Get out of here. This is amazing.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.