Question 1

Hi, thanks for doing a raise on the platform, just as a sanity check, how is this different than a restaurant using Twillio (?)

Accepted Answer

Since Twilio is merely an API to send messages to a carrier, there are very few restaurants that have the ability to use Twilio. It would require them to develop their own software to interface with Twilio's API. They would also have to manage the opt-in/opt-out requirements. Additionally, our system not only sends messages, but allows the restaurant to collect feedback, generate public facing reviews, aggregate their data from their POS, online ordering, and other sources, track return on ma...

Question 2

In your market slide - can you expand on the $350 monthly revenue? Is that industry average or is that what Boostly has earned on average?

Accepted Answer

That is Boostly's current Average Revenue Per Account.

Question 3

Also, what's the source of 1.5M restaurants? Is that in the US?

Accepted Answer

That is the US & Canada, pulled from ReferenceUSA

Question 4

Can this concept be transferred to apparel too? or grocery? or movies?

Accepted Answer

Yes, this transfers to several retail sectors. For instance we already have some non restaurant customers even though it hasn’t been our focus. If a business relies on a frequent repeat purchaser, this is a very viable solution.

Question 5

Hi Shane - thanks for offering us the opportunity to invest, can obviously see the massive opportunity to disintermediate the delivery platforms, drive recurring sales, etc...very exciting. I have a few questions: What is your MRR today? How many active clients do you have? Wh...

Accepted Answer

Hey Eric! Thanks for joining us! Below are the brief answers: MRR: 107.5k Clients: 400 restaurant locations Churn Rate: 1.6% / month Biggest Risk: Not moving fast enough on continue to enhance the product to fit additional types of restaurant customers. For example, we've laser focused on the SMB fast casual restaurant, but we also want to move up market and our vision of becoming the software version of a CMO includes our next wave of product features to highly differentiate to become the sm...

Boostly (YC S22)

The SMS marketing platform for restaurants

$1,662,937

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Boostly (YC S22)

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$1,662,937

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