Market Overview

MINDBODY CEO Says The Company's Business Model Is Similar To Airbnb And Uber


Online wellness services marketplace company MINDBODY, Inc. (NASDAQ: MB) got listed on the NASDAQ on Friday.

Rick Stollmeyer, MINDBODY CEO and co-founder, was on CNBC recently to discuss the company’s business model and outlook.

Leading Platform For Health And Wellness Industry

"We're not getting distracted by the noise of the stock market," Stollmeyer began. "Our focus right now is continuing to grow the business around the world. We are the leading platform for the health and wellness industry services and our SaaS (software as a service) software is in 42,000 businesses worldwide comprising over 250,000 practitioners serving over 24 million consumers.

"So, we're really happy with where our business is going right now and it's a great time for us to go public."

Like Airbnb And Uber

On the company's business model and outlook, Stollmeyer said, "When you look at our performance in the past periods, what you're seeing is the deep investments that we have made to create a unique wellness services marketplace. No one has ever done this before. This is a transaction enabled platform. So, you can think of us like an Airbnb, like an Uber where the consumer can actually engage directly, find the services around them and actually fulfill the transaction."

He continued, "So to do that you have to build the business management system first, so, we've made a lot of big investments that way. Also, we are growing around the world. We have teams right now in six countries, offices in three countries. So, we are confident, what we've built here is going to be scaling nicely."

Posted-In: Airbnb CNBC MINDBODY Rick Stollmeyer UberMedia


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