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From YouTube: Startup and Entrepreneur Roundtable - Robb Myer
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A
Everyone
I'm
Rob
Meyer,
I'm
one
of
the
founders
of
no
wait.
No
wait
is
an
anti
reservation
app
for
restaurants
that
don't
take
reservations.
We
have
two
components,
one
as
the
consumer
piece
that
the
mayor
got
in
line
at
materials
right
right,
the
grid
around
the
inauguration,
so
you
don't
have
to
wait
in
line
and
then
we
have
a
restaurant
app
that
the
restaurant
uses
to
increase
their
efficiency,
manage
their
seeding
process
by
allowing
people
to
put
their
name
on
the
list
physically
and
then
walk
away
from
the
restaurant
and
then
come
back.
A
A
we've
served
over
70
million
guests
with
our
app
since
we
started
a
little
over
three
years
ago
launched
again
and
to
put
that
in
perspective.
In
the
last
30
days,
we've
done
7.2
million
guests.
So
you
could
see
the
acceleration
that
our
growth
is
having
we've
done.
Ten
percent
of
our
total
volume
in
the
last
month,
and
if
you
haven't,
got
the
app
you
can
get
it
right
there
by
texting.
A
My
way
to
eight
three
nine
ninety
or
go
to
our
website,
find
no
way
so
I
wanted
to
talk
on
my
one
slide
kind
of
about
the
two
important
aspects
of
creating
a
software
company.
It's
really
about
the
people
that
you
recruit
kind
of
the
advisors
and
the
space
that
you
get.
So
this
is
kind
of
a
little
brief
timeline
of
our
life.
At
no
way
we
started
in
mid-2010
in
alpha
lab
with
four
co-founders,
and
our
payroll
was
zero
because
everyone
was
working
on
that
dream.
A
We
recruited
two
unpaid
interns
through
innovation
works
during
that
time
and
our
was
still
zero.
We
launched
our
first
appt
in
April
of
2011,
and
at
that
time
we
took
on
some
seed
funding,
primarily
from
innovation,
works
and
other
personal
angels,
friends
and
family,
and
our
payroll
grew
a
little
bit.
We
paid
a
couple
of
our
interns,
ten
dollars
an
hour
and
we
hired
a
few
other
people
so
we're
at
about
six
to
eight
people
by
that
time.
A
In
between
that
time,
we
moved
out
alpha
lab.
An
important
area
of
our
growth
was
moving
into
a
startup
town
down
at
the
bottom,
which
allowed
us
to
scale
our
space
and
our
team
kind
of
very
cost-effectively
and
grow
up
to
the
point
where
we
did
our
Series
A
and
raised
two
million
dollars
from
local
investors
birchmere.
We
had
about
12
ish
employees
around
that
time
and
that
the
two
million
dollars
enabled
us
to
increase
our
sales
and
marketing
and
really
hire
more
people,
because
our
business
software
is
based
on
people.
A
We
are
able
to
sell,
as
matt
said,
very
cost-effectively,
because
you
don't
have
to
distribute
anything.
The
App
Store,
the
Apple
App
Store,
is
our
distribution
channel
and
all
of
our
sales
are
primarily
done
based
on
people
downloading
our
app
and
our
sales
team
kind
of
following
up
with
them
over
the
phone
and
getting
them
set
up.
We
continued
growing.
A
Our
next
big
milestone
was
just
in
February
of
this
year,
where
we
launched
our
consumer
app,
which
we
call
the
anti
reservation
out.
That's
the
app
that
everyone
in
this
room
would
use
to
see
the
wait
times
and
get
in
line
at
restaurants
and
then
our
most
exciting
news.
Back
in
May,
we
raised
an
additional
series,
be
an
additional
10
million
dollars
from
what
I
think
is
going
to
be
a
venture
firm.