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BoomPop gains traction by designing high-end off-sites for a remote-first world
Summary
BoomPop is a startup that designs high-end off-sites for a remote-first world. The company was born during the pandemic and has since grown to 4,000 customers. BoomPop offers a flat fee that is 10-20% off the best rates that companies can find for their off-sites. The company is competing with other startups in the same space, but has advantages due to its connection to Atomic, a company-making factory.
Q&As
What is BoomPop and what does it do?
BoomPop is a company that designs high-end off-sites for a remote-first world.
How did BoomPop come to be?
BoomPop was created by the startup studio Atomic in 2020 in order to keep morale up and to create a business out of virtual team-building exercises.
What are some of the advantages BoomPop has over its competitors?
BoomPop has some advantages over its competitors including its association with Atomic (a company-making factory) and the experience of its CEO, Healey Cypher.
What is the potential market for BoomPop's services?
The potential market for BoomPop's services is companies who are looking to shrink their physical footprint and extend their runway.
How would a recession impact BoomPop?
A recession could impact BoomPop negatively if it is severe and long-lasting, but BoomPop could also become a big business if it makes it through the recession.
AI Comments
👍 BoomPop is a great company that is doing amazing things to help remote workers stay connected and productive.
👎 BoomPop is a terrible company that is exploiting remote workers and charging them too much money.
AI Discussion
Me: This article is about a startup that is trying to make corporate retreats more fun and interesting.
Friend: That's interesting. I didn't know that was something that people were trying to do.
Me: Yeah, apparently there is a lot of competition in this space.
Friend: Yeah, I can see why. I feel like a lot of people probably dread going to corporate retreats.
Me: Yeah, I can imagine. I think this company is trying to change that by making them more interactive and fun.
Friend: That makes sense. I would be interested in seeing how they do.
Action items
- Companies should consider BoomPop as a way to more easily plan luxury meet-ups for their far-flung employees.
- BoomPop offers a curated marketplace of virtual experiences that can be used for team-building exercises.
- BoomPop guarantees that its prices are at least 10% to 20% off the best rates you can buy.
Technical terms
- Off-sites
- corporate retreats
- Pizazz
- vivacity, style
- Gregarious
- sociable
- Escrow account
- an account in which money or property is held by a third party on behalf of transacting parties
- Swag
- promotional items
- Runway
- financial resources