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How are we scoring this week, this month, this year compared to last week, last month, last year?Getting that kind of data takes forever in entrepreneurial online world because there are so many different revenue sources, so many different expenses and we have to either do them ourselves, which a lot of entrepreneurs do or many people will then go hire a virtual assistant and say, “Enter this into my accounting software,” which then means that, “I’m not equipped for it.” So they make mistakes.Or people will then go and hire an individual bookkeeper and say, “I want you to do my books the way you do other people’s books,” which is a problem because you’re trusting one person who may be sick one week or who may take their eye off the ball or make a mistake, etc. We had 35% of people who would get accepted by the community who paid. People were not proud to say that they are on a dating website. We had a lot of bloggers and journalists who wrote an article about Attractive World. Is it like that, where they were just handing out leaflets or did you do something different? We wanted to create a new lifestyle because in 2007, I don’t know how it was in the US, but in France, dating was taboo.: They’re a newish company, raised a lot of money, making a lot of impact in the startup world because what they do is they use software and people to get people’s accounting done right. Ten seconds is a pain, but you’re just getting going and things are doing okay. So you start the conversation the first day with a lot of different people who voted for you. Pricing–you mentioned after this application, not only do they have to apply, you said it took three minutes to apply, they had to wait three days before people accepted them. We knew that the business model could work because we were seeing the conversion rates and they were very good and the churn was very low and we had a very good lifetime value. That’s why I went– : That’s essentially what Andrew Chen was saying in that post, that it’s too expensive to buy ads online and get enough people to come in.
Software will go suck in the data from Stripe, suck in the revenue data from Pay Pal, get bank account information from Citibank or Chase or whoever you happen to be with, put it all together with your credit card information, your other expenses, the software sucks the data in, starts to sort it out, but human beings will actually go in and make sure it’s all correct. So, when people vote, it creates a lot of interaction on the website. The other thing that he said was investors are not the right demographic.If you're looking for others who ride on a Ducati, Harley, Triumph or BMW - Biker is where you'll find them for fun, relationships & love.Meet biker singles in Riga TODAY and connect with hundreds of thousands of singles like you now!And one of the fascinating things to me about his company is that it was a dating company. The first will help you organize your books properly–not help you, they’ll do it for you. The second one will actually get you the best developer or designer you’ve ever had. You end up with this big windfall and you get to go do it again and again and again. You really need to know a lot of the [inaudible ] the sport players if you want to succeed. In France, LBO [inaudible ], people didn’t know that in 2004, 2003. I saw that it could be the same, but only for short-time rents. You were like 22 years old when you were working for the LBO firm. So, because the service was free at this time, they keep getting back to the website, even if it was not perfect. Let me continue because you did overcome some of the challenges we’re talking about here and others and some of the challenges Andrew Chen brought up in his blog post. I said, “Let’s just go see this and introduce it to my kid.” So I go in and I look at it. So I get the joystick back from him and I shoot another alien and I get ten points, then ten points.I’m actually looking at Andrew Chen’s blog right now where he talks about why investors don’t invest in dating companies. So I wanted to work on that, but as I told you, I didn’t have the courage to quit my job. I think they were making more than 0 million revenue in 2007. I saw that the market was going to be segmented and probably that we would have a space in the premium dating. My friend invested at the very beginning of the company. I did not have any business partner who knows marketing. That just goes to show how great it is to start at an LBO firm because you make good money, which sadly you had to give up and your friends make good money, which means you have access to their wallets a little bit and to their intelligence and their connections, which is fantastic. But first, I’ve got to tell people about a company called Bench. Let me tell you something, Ludovic, a few weeks ago I was taking my two-year old son to just spend the day with him. Then I start to move him away slowly because I want to get more points up on the board.There’s a whole team to look it over and make sure our points are always kept track of. There’s a reason why two Mixergy interviewees have praised them, Jason Fried and Patrick Mc Kenzie, because they do a great job and they have an elegant design that makes sure that you know your numbers when you need them. A lot of investors didn’t use Snapchat, didn’t get why someone would use Snapchat. This is something that you knew, you told our producer, since you were a kid, that you loved meeting people to learn from them. : Just because I am very curious and I think that the best way to learn is to meet people. I think that I will use it, but it’s like your MBA.