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This is an iHeart podcast. Guaranteed Human. What's up everyone? This is Angel, Diego and Jason and we're a gusto about podcast Siemporciento Musica Regional Mexicana proves holiday season's here and the studio is feeling festive. We got the tracks, the exclusives. Yes, it's bright Winter spice Cranberry Bien Frio. That refreshing cranberry flavor hits just right. A seasonal favorite but limited time only, so don't sleep on it to keep your fiestas festive. Adarle Flo Frio Consprite Winter Spice Cranberry Obey your thirst. Enterprise leaders are revolutionizing their marketing operations with AWS AI. This proven technology turns resource intensive advertising processes into intelligent autonomous systems that deliver real time optimization on a global scale. Amazon's own transformation journey shows the true power of enterprise AI innovation. And now your organization can tap into the same technology that drives Amazon's advertising success. 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PNC bank brilliantly boring since 1865 brilliantly boring since 1865 is a service mark of the PNC Financial Service Group, Inc. PNC Bank National association member FDIC yeah. So marketing to barbershops, right? Are you marketing at the beginning? You were the face. You were going in hand in hand. So were you doing that with white barbershops also? Absolutely. How did that work out? So funny enough, when we were first kind of thinking through how we're gonna do this, we had a bias against ourselves. We thought we probably couldn't go in there and like, you know, resonate with these, like, non black barbershops. So we ended up hiring a friend of ours who's actually still with the company, who's white and like, his job was gonna be kind of biz dev, like going to the shops. So he was doing that. We were still doing it. And over time, based on experience, we started finding out that like, actually we were better even at the white shops selling them than he was. And some of the bias that we had, you know, the preconceived notion that we had that these, these shop owners, because we didn't look like them, weren't going to want to hear us out, actually was just totally not true. And then, you know, and it turns out, you know, the white guy who we hired wasn't good at that. He ended up being really good at other things. So he moved into, like, product on the product side. So you just never. You never know. And sometimes there's a tendency to sell yourself short because, you know, you think somebody's going to think something about you. But if you have a great product and you go there and you meet them eye to eye, you know, we found that for the most part, customers are willing to hear you out, you know, regardless of what you look like. Yeah. You. Are you solving the hair on fire problem? You know, and if you're solving that problem, I don't care, whatever you are, I think they gotta listen to you because you're addressing a real pain point in their lives. All right, correct me if I'm wrong on these numbers. 32,000 barbershops. 32. 32,000 barbershops yet. Barbers, barbers. 10 million clients, last time I checked. Yeah. Somewhere in that range. How are we. Like this is because, like, you're talking from 2016 to this point. How are we scaling year to year. Like, are you, like, what trends are you watching to say, all right, here's an opportunity, his opportunity. This is a demographic. This is. We haven't touched this place. How are y' all going about that? That's a lot. Congrats. Thank you, thank you, thank you. It's never enough though, you know, let's get to the next. So what we learned is a super was super important to scale, is that you really have to scale your team. So, you know, in the early stages, you know. Ernest, what's up? Look, you ever notice how building a website used to feel like running a relay race? Designer hands it to developer, developer hands it to marketing. Then everybody argues about why the button is two pixels off. Yeah, those days are over. Let me tell you why I'm locked in on Framer. Framer is different. First thing, it's not just a website builder. It's a full free design platform that lets you create everything. Social assets, campaign visuals, icons, vectors, all in one place. No figma imports, no messy HTML, click cleaner, faster and honestly, kind of fun. And the AI features crazy. You literally chat your way to hero banners, nav bars, pricing tables, all styled to your brand's colors, fonts and vibe. Like having a developer team in your laptop. And when you're ready to go live, hit publish. One time. Once Framer handles hosting blazing fast load speeds and SEO while you grab a coffee. No developers, no tickets, no handoffs. It's its designer and marketer heaven. Plus, little details matter. You can customize your cursor, add playful interactions, animate on hover. Your site actually feels like your brand. But here's the part that shocked me. Framer already built the fastest way to publish beautiful production ready websites. And it's now redefining how we design for the web. With the recent launch of Design Pages, a free canvas based design tool. Framer is more than a site builder. It's a true all in one design platform. From social assets to campaign visuals to vectors and icons, all the way to a live site, Framer is where ideas go live, start to finish. So you ready to design, iterate and publish all in one tool? Start creating for free@framer.com design and use promo code Earn for a free month of framer pro. That's framer.com design and use promo code earn framer.com design promo code earn rules and restrictions may apply. Earners. What's up? Look, when it comes to money, control is everything. Knowing how and when to move your dollars, that's where the Klarna card comes in, it's your debit card upgraded. You decide how to pay, whether in full now or you plan ahead to pay later. It works anywhere. Visa accepted activation takes 30 seconds and there's zero credit impact. To apply no surprises, no stress, just smarter, more intentional spending that keeps you in control. Sign up for the Klarna card by downloading the Klarna app or learn more@klarner.com US Klarner Card Klarna Card Pay Later Plans issued by Web deposits in your balance account are held in Web bank member fdic. Anywhere Visa is accepted, certain merchant product good and service restrictions apply. Some merchants do not accept virtual cards. Physical card only included with a paid Klarner membership plan. Sign up for the Klarner card by downloading the Klarner app and learn more@klarner.com US Klarner card what's up everyone? This is Angel, Diego and Jason and we're at Gusto Podcast. You already know the holidays are here in the studio. Estan modo Fiestone. We're recording Cotorreando and keeping it fresh with Sprite Winter Spiced Cranberry that refreshing cranberry flavor. Cold crisp Conunto que n avid. It's the right move. A seasonal favorite, but only for a limited time, so don't sleep on it between tamales. Las posadas sosas ta tarde Sprite is always part of the traditions. We keep it regional, we keep it real, we keep it twisted. Sprite Winter Spice Cranberry Twisted It's Christmas in a can Adarle Obey your thirsty Enterprise AI is revolutionizing customer engagement and Amazon's Alexa demonstrates this transformation at scale. Alexa represents a breakthrough in AI assistance evolving from basic command response to goal oriented autonomous operation. Powered by AWS AI, this enterprise grade technology processes billions of natural language interactions daily, continuously improving through machine learning. The result? A secure, scalable voice AI platform that's transforming customer experience across industries. For businesses, this represents more than just voice assistance. It's a proven framework for AI driven digital transformation. Global organizations are already deploying AWS voice technology solutions to enhance customer service, streamline operations and drive innovation. Transform your business operations with the simple same AI technology powering millions of Alexa interactions worldwide. AWS AI the Voice of Innovation Discover the Alexa story@aws.com AI our-story Running a business is hard enough, so why make it harder? With a dozen different apps that don't talk to each other. One for sales, another for inventory, a separate one for accounting. Before you know it, you are drowning in software instead of growing your business, this is where Odoo comes in. Odoo is the only business software you'll ever need. It's an all in one fully integrated platform that handles everything. CRM, accounting, inventory, E commerce, HR and more. No more app overload, no more juggling logins. Just one seamless system that makes work easier. And the best part, Odoo replaces multiple expensive platforms for a fraction of the cost. It's built to grow with your business, whether you are just starting out or already scaling up. Plus it's easy to use, customizable and designed to streamline every process so you can focus on what really matters running your business. Thousands of businesses have made the switch, so why not you try Odoo for free@odoo.com that's o-o o.com it was us and then few other early employees. But as you get bigger, you really have to bring on folks who have the experience of kind of getting to the next level where you're trying to get. And over time we've built up a really incredible kind of bench of our executives. And that, that has helped, you know, helped tremendously. And in the early days you do, you know, it's called doing things that don't scale, like walking into the barbershop yourself and pitching them like that's great, but like you can't, that's not going to get you to where we are now. So over time you have to figure out how do you build like repeatable motions, repeatable processes, that's like scalable. And you know, that's essentially, essentially what we've been able to do. So, so as far as this number $750 million valuation, what can you break that down as far as, like what does that actually mean in layman terms for somebody that just, they hear, they hear that, but it's like that is the enterprise value or the kind of like market cap of your business. So if somebody were to purchase the building business, they would have to pay $750 million for entire business. And if somebody is investing, you know, based on the dollar amount they invest, that's a percentage amount of the 750 million. And that 750 million would come from investors valuing the company at that. As far as, okay, I'm gonna put this amount of money in per percentage and then that equals the 750 or does that come from re is projected to be like, okay, 10x revenue. Like what it, I mean there's some formula that they create, but that's Essentially the former is like, hey, look, you know, for 1%, it's 7.5 million. So you times that by 10, if you want 10, you got to put up 75 million. So that's kind of how the math works. And it's just supply and demand. You know, if you have a great product, if you have some proprietary technology that they think might, you know, transform the world, they're gonna, they're gonna pay whatever they're gonna pay for. It's just like, you know, what the company, what people think the company is worth. How does the ownership table look? Right? Because a lot of times startups, you know, we don't have money, right. We haven't gotten venture capital. And so a lot of times people offer equity, right, like as an exchange or a collateral to say, hey, I need you part of the team. How does ownership look then? How does it look now? Obviously you've got a board, you got investors. Are you guys majority owners still? Like, how does this work? Yeah. So as far as the equity, like all of our employees have some degree of equity. We think that's important. We think it's important, one, to align incentives. And it's also important as a wealth building mechanism. Our company is, I don't know for sure, but I would say it's probably maybe the most diverse or one of the most diverse of a company, like at our scale in terms of, like the breakdown of our employees. So we think it's, you know, it's really important for them to have skin in the game. And like, when we do have the big exit, you know, hopefully we'll be creating a lot of millionaires and creating a lot of wealth in the community. So that's important. What was the second part of your question? Ownership, I think. Oh, yeah, yeah, the ownership, you get diluted. I mean, it's natural. You know, it's the, the pie gets, gets bigger. But your, you know, your percentage of the pie goes down over, over time. So, you know, unfortunately, no, I wouldn't say we have, we have majority, but, you know, that's just kind of the name of the game. Yeah, but you know, control I think is also super important. Like, you know, you know, when you go through this fundraising, take on more, more investors, you know, you lose control. But we, we, we still like a board can't get rid of us if they, if they wanted to because of the, the structure we have in place. And that's equally important is control earners. What's up? You ever walk into a small business and everything just Works like the checkout is fast, the receipts are digital, tipping is a breeze and you're out the door before the line even builds. Odds are they're using Square. We love supporting businesses that run on Square because it just feels seamless. Whether it's a local coffee shop, a vendor at a pop up market, or even one of our merch partners, Square makes it easy for them to take payments, manage inventory and run their business with confidence all from one simple system. One of the things we love most is seeing neighborhood businesses level up. There's this West Indian spot right in our community that started with a small takeout counter that now with Square, they've been able to expand into a full sit down restaurant and even started catering events across the city. That's the kind of growth that inspires us and it's powered by Square. Square is built for all types of businesses, from the corner bagel shop that turned into a local chain to the specialty market with thousands of unique items. To the stylist who's been holding you down for years. If you're a business owner or even just thinking about launching something soon, Square is hands down one of the best tools out there to help you start, run and grow. It's not just about payments, it's about giving you time back so you can focus on what matters most. Ready to see how Square can transform your business? Visit square.comgoeyl to learn more. That's square.comgoeyl don't wait, don't hesitate. Let Square handle the back end so so you can keep pushing your vision forward. This is Eva Longoria from Hungry for History with Eva Longoria and Maite Gomez Rejon. Like the song says, it's the most wonderful time of the year and also a wonderfully busy one. All that merriment can weigh down even Santa sleigh. So keep it wonderful by keeping yourself wonderful with a crisp, cold Coca Cola. Ah, pause for fizzy joy. Look out for yourself and then look out for everyone else. And together we'll make this season as wonderful as it's meant to be. 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Output is for informational purposes only and is not investment recommendation or advice. Complete Disclosures available@public.com Disclosures this is an iHeart podcast. Guaranteed Human.
