The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski
Dmitry Gurski
Because gyms themselves have terrible retention. You know, it's like a gym business model to sell 1,000 memberships for a gym with capacity of 100 people because gyms know that 900 people would never visit. And why apps would work better than gyms? It's about nature of people. They wouldn't. It's so rare to see good retention in health and fitness.
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