Weeks: Industrial Organic Will Use Cargo Vans Instead of Garbage Trucks
“So we're not going to use garbage trucks. We're going to get cargo vans because we're doing bin swaps. So we're just going to take the whole bin. So that cuts down significantly on the cost of vehicles, the cost of gas, the cost of getting around.”
Weeks: Industrial Organic Will Burn About $60,000 Monthly Over Next Year
“In the next year, I think it's about 60,000 a month. I mean, we're going to be growing all through this year and hiring people and adding capacity, so it's hard to pinpoint Down one number.”
Weeks: Industrial Organic's minimum plant wage will be $20 an hour
“We're going to be paying people well above, we're going to be paying the lowest wage is 20 dollars an hour. So we're going to be paying well above union rates, essentially.”
Mohnot: Managing operational driver logistics is always harder than founders expect
“I just think the operational stuff, it's always more complex than you think, and I'm saying that because I, I've been through it personally, and people that are gonna work for you for 20 bucks an hour, driving or whatever, like, there's gonna be days where the…”
Chapman: Industrial Organic is strictly idea-stage without logistics operations
“I think, honestly, your, the stage of your company is really idea stage. It's not just pre-revenue, but it's really idea stage, because you haven't built out any of the logistics part of the business yet. It's a whole, whole realm you haven't even touched on, …”
Manus: Arriving late when pitching investors is perceived as disrespectful
“When something's really important to me, and I'm asking for money from people, I make sure I'm 10 minutes early. And if I have to make sure I'm half an hour early and sit and wait, I do, because it's, it creates a little, like, it's disrespectful.”
Weeks: Her actual burn matched the financial projections that investors previously dismissed
“I had what my projections were, and they thought that they were too low, but what our projections were ended up being true. Like that was what our burn was when that, that following year when we started building the team.”
Weeks: The real bottleneck in waste management is processing capacity
“And then just started networking in the space and researching and talking to people and realized that the bottleneck is really in processing capacity.”
Weeks: Industrial Organic will set minimum plant wage at $20/hour
“We're going to be paying people well above, we're going to be paying the lowest wage is 20 dollars an hour. So we're going to be paying well above union rates, essentially.”
Chapman: Industrial Organic is still idea-stage due to unbuilt logistics
“I think, honestly, your, the stage of your company is really idea stage. It's not just pre-revenue, but it's really idea stage, because you haven't built out any of the logistics part of the business yet. It's a whole, whole realm you haven't even touched on, …”
Manus: Pitching founders must arrive early because tardiness signals disrespect
“When something's really important to me, and I'm asking for money from people, I make sure I'm 10 minutes early. And if I have to make sure I'm half an hour early and sit and wait, I do, because it's, it creates a little, like, it's disrespectful.”
Nadel: Founders investing VC money must pay the minimum possible wage
“When you're investing your own money, do the right thing. When you're investing my money, pay the minimum you can pay.”
Weeks: Industrial Organic closed pre-seed funding the morning of the pitch
“We had just raised a pre-seed, like, that morning before I came, I was coordinating the wires.”
Weeks: Refuses to sacrifice profits for ethics or ethics for profits
“I don't intend to Run an ethical business at the expense of profits, but I don't intend to make a profit at the expense of ethics either.”