Alan Giloff
On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
13statements
0resolved
0supported
0contradicted
Everything Alan Giloff said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Giloff: ShipIt's existing investors refused $600k bridge and advised bankruptcy
“I went to my investors and I was like, Hey guys, we have a problem. We don't have a term sheet anymore. But I made out a plan. I need 600 K to do all the changes I need. I need to close Mexico operation. I need to fire people, pay their money. So I need that a…”
Giloff: South American Employee Laws Make Payroll Logistics Workers Too Expensive
“Chilean laws and actually like South American laws are very like employer, sorry, employee focused. So it's actually very, very hard to have them in your payroll. Like it's going to be expensive.”
Giloff: ShipIt GMV peaked at nearly $13M before dropping to $6M
“Twenty-nineteen, we're selling 2.5 million. Twenty-twenty, we sold ten million. Twenty-twenty-one, we sold like, almost thirteen million. And twenty-twenty-two, we sold- One, three? Yeah, 13. And then 20, 22, we sold six million.”
Giloff: ShipIt attempted to raise $10M at a $13M valuation
“We were raising ten million at the 13 pre-money valuation, and out of those 10,000,005 were for, like working capital and five were for to purchase a Mexican company.”
Giloff: ShipIt downsized staff from 110 to 25 employees
“And I had to decrease the team from one 10 to 25 guys.”
ShipIt Shifted Logistics Pickup Staff From Full-Time Employees to Contractors
“At the beginning, there were like full-time employees for us, but then we had them change to a, like, company contractors, right?”
Giloff: ShipIt will generate about $500K in EBITDA in 2023
“And probably as an EBITDA, like bottom line, like you say, it's going to be like 500 thousand.”
Giloff: VCs withdrew signed term sheet for ShipIt fundraising
“We had a term sheet signed with two VCs, and they withdrew the term sheet.”
Giloff: ShipIt accumulated $2 million in debt
“At the time being, I'd say, like, we have a two million dollar debt.”
Giloff: ShipIt pivoted from -$200k/month burn to +$40k/month cash flow
“Since the changes, I went from -200 K to a positive 40 K per month.”
Giloff: ShipIt increased its take rate from 18-19% to 26%
“And actually my take rate went from probably 1819 to a nice juicy 26%, which is almost a 40% increase.”
One line per show, most statements first. The link opens Alan's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | 1 | 13 | — | full record on Top Founders → |