Wanted to make a new thread to highlight some golden nuggets of info Vlado released in the latest interview with Market Herald. It clarifies a lot of information about the recent Bearn update and why it's happened and Bearn which is a relatively smaller contract / go-live for MYQ is actually a monster cash cow.
Link: https://jwp.io/s/5OHBFQkbThis is just one of their smaller partners and 500,000 users we're looking at $1m USD a month at least already.
- Bearn had a partner try to onboard 500,000 users and their platform was unable to accommodate them
- Bearn needed funding to work on expanding their platform to accommodate the users and future users
- Their biggest partner has 20m users they'll be bringing to use the Bearn app (hence why there are 56m pre registrations which are the total number of Bearn partner clients combined)
- So from what Vlado's said here it's safe to assume Bearn will generate at least revenue of 500,000 users when platform upgrade is ready in 3 months (hence the ridiculously good terms MYQ got for their loan based on user count)
- Better pricing subscription model for MYQ as it provides long term exponential value and revenue through Bearn
Just figured I'd write it out for those who missed it or were too lazy to watch it.
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