Although BabyQuip might make less revenue, it has the potential to attract more contractors, which could make it more profitable in the long run.īut the online rental marketplace is not very defensible. BabyQuip keeps 20% of the revenue QPs make, while other services such as rents4baby keep 25%. Customers can receive anywhere from 10% to 30% off when they rent equipment for nine days or more. Overall, BabyQuip has a strong team with diverse skills.īabyQuip provides a high-quality service where quality providers (QPs) - contractors who rent their baby equipment - make sure items are clean and delivered on time. All of these positions add value to the company and help with product development and scalability. Kitzman previously owned a similar baby gear rental business called Capital Baby Rentals, so her experience makes her an undeniable asset to the company.
Other team members include Chief Technology Officer Joe Maier, Director of Lead Generation and Community Nicole Kitzman, and Director of Marketing and Communications Jennifer Wold. So Maier’s experience is highly valuable to BabyQuip - and gives investors a better chance at high returns. Research shows that founders with a prior exit have a higher chance of achieving another exit than founders with no exit experience.
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Her extensive entrepreneurial experience and prior exit prove her credentials as an established serial entrepreneur and strong leader. Maier has also held several positions in marketing. She later founded and served as president and CEO of TrustArc, an end-to-end privacy management platform. after sales transitioned to Cendant Corporation. The company was later sold to Interactive Corp. Her most notable prior venture was, a dating site she co-founded in 1994, built up to more than 500,000 members, and achieved $3 million in revenue in three years.
She has managed to raise more than $100 million in funding throughout her career. Prior to BabyQuip, Maier founded and led several companies. The company has already served 70,000 parents in both the US and Canada.īabyQuip’s current SeedInvest raise has been rated a Deal To Watch by the KingsCrowd investment team.īabyQuip was founded in 2016 by CEO Fran Maier. Families can easily pick up equipment at their destination. With BabyQuip, parents no longer have to overpack and carry strollers, car seats, or other essentials. BabyQuip is an online marketplace for more than 800 providers renting baby gear to traveling parents. One company trying to solve this problem is BabyQuip. And for many parents, buying new equipment - which is often expensive - at their destination isn’t a viable option. Parents also face the very real risk of their baby gear getting damaged or broken on their travels. Even the lightest stroller is still around 11 pounds. Parents often need to lug around heavy strollers and car seats. And even though the COVID-19 pandemic has disrupted the travel industry, a survey shows that 88% of parents are likely to travel with their kids in the next 12 months.īut traveling with children is a challenge. About 62% of parents travel with children under the age of 5.
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