Hunters will love:
- $1.4M Revenue 2016 ($480kin 2015)
- $5m Raised (currently raising Series A)
- 80,000 bookings processed
In Episode #500, Nathan interviews Matthieu Jost, who founded his first company when he was 17 and exited it when he was 21. Most recently, he started Misterb&b in 2015 and has become the world’s largest gay hotel brand in the world. Listen as Matthieu shares how he managed his first business at an early age and how Misterb&b grew exponentially in less than 4 years.
Famous Five:
Favorite Book? – N/A
What CEO do you follow? – @bchesky
Favorite online tool? — @RJMetrics
Do you get 8 hours of sleep?— No
If you could let your 20-year old self, know one thing, what would it be? – “Being less naïve maybe”
Time Stamped Show Notes:
01:31 – Nathan introduces Matthieu to the show
02:00 – Matthieu’s first company that posted TV series was sold to PlanetSeries (French equivalent of IMDB) for about $1 million
02:33 – The team composed of 4 people
02:53 – The company sold series’ merchandise
03:18 – Matthieu built the company
03:38 – Matthieu studied Computer Science for two years to work in a radio station
04:38 – Matthieu shares how Misterb&b is different from Airbnb
05:00 – Misterb&b is a marketplace
05:25 – The sellers are the homeowners
05:36 – “It’s not only for gay men, we are open to everyone in the LGBT community”
05:45 – There are straight women using Misterb&b because they find it cool and much safer
06:10 – Misterb&b is taking 4% from the host and 12% from the traveler
06:27 – Average booking for 3 nights is $300
06:40 – Misterb&b was founded at the last quarter of 2014
06:50 – Misterb&b was bootstrapped for 6 months and went on raising capital
07:02 – Total funds raised was $5 million
07:10 – Team size is 22
07:44 – Currently, there are 80,000 hosts in Misterb&b in over 135 countries
08:00 – Misterb&b has an average of 80,000 bookings per month
08:22 – Most of the travelers are solo travelers
09:16 – First year total transaction volume is 300K
09:35 – Total transaction volume for 2015 is $3M and 2016 total transaction volume goal is $7M
09:58 – Misterb&b is seasonal
11:00 – Misterb&b’s 2015 average revenue is $480,000
11:12 – Misterb&b’s 2016 revenue aim is $1.3 million
11:24 – Misterb&b is working on different types of ads
12:05 – There are around 300K people on Misterb&b’s email list
12:12 – Average opening click-thru rate is 14%
12:50 – People are paying Misterb&b a flat-rate and they are getting 15,000 clicks
13:00 – Misterb&b also works with non-media companies
13:46 – 40% of Misterb&b’s travelers are repeaters
14:28 – Follow Matthieu’s company on Facebook and visit the website
16:33 – The Famous Five
17:16 – RJ Metrics was at The Top Episode 233
3 Key Points:
It is always advantageous to start your business as EARLY as possible.
Life is about making a choice; don’t be afraid to step out and make that decision.
Misterb&b is about building a worldwide community that promotes safe travel without discrimination.
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