Alex Back
person on 1 show · 5 statements across 1 episodes
On the record as a speaker too: Alex Back across every show, appearances and statements → this page counts the times other people say the name.
5 statements about Alex Back, every show
Apt2B's acquisition was delayed over cash versus accrual accounting discrepancies
“And then we had like a snag right at the end in the last few weeks that delayed us about a month which was interesting. It had to do with the difference in cash basis accounting and accrual basis accounting that we were on. Cash basis, and they were on accrual…”
Apt2B crossed $1 million in annual revenue in 2014
“The big unlock for us of getting to a place where we really started to see it as a scalable thing was when we started shipping nationally. That was in 2013. Very few online furniture retailers were doing this at that point. It was the wild west. And I think th…”
Alex Back launched Apt2B on just $125,000 of friends-and-family capital
“I think it was a 125,000 dollars total. We did like just my friend and his dad were the initial 50,000. And then we Raised from another friend of my partner's. Another 75. And that's it.”
Apt2B stayed cash-flow positive by collecting 100% upfront customer deposits
“We were able to time it properly so that we were always stayed cash positive. So we would take a hundred percent customer deposit at the time of border placement.”
All major furniture manufacturers are now built for drop shipping
“Right now I have all the manufacturers, definitely all the major ones are set up for drop shipping situation. Their packaging is ready to be drop shipped. They have They're used to they're used to shipping companies, like, 20 different shipping companies comin…”