Cody Candee
Co-founder & CEO, Bounce. On 1 show, 2 appearances. The Shows tab opens the full record on each.
founderexecutiveoperator@codycandee ↗LinkedIn ↗usebounce.com ↗
Cody Candee is the co-founder and CEO of Bounce, a luggage storage network partnering with local businesses globally. Prior to founding Bounce in 2018, he worked in product management at Intuit.
1shows
2appearances
27statements
2resolved
1supported
1contradicted
50%fully supported
3said about them ↓ Everything Cody Candee said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Candee: On-demand delivery failed by prioritizing immediate over scheduled timing
“What the on-demand economy got wrong was it takes so much scale for it to work. What we realized is people don't always want things ASAP, they want it at a scheduled time.”
Candee: Avoid conducting layoffs as long as possible before acting
“I feel like layoffs are something where you avoid them as long as you can, so it's really important to just kind of move forward as fast as possible until things seem more and more inevitable.”
Candee: Bounce will be incredibly well positioned to do delivery
“Yeah, so I think we're going to be incredibly well positioned to do delivery.”
Candee: Startups with 18-month runways cannot spend six months training employees
“We don't have six months to teach someone to get up to speed when an average fundraise gives you 18 months of runway to try to get to, you know, profitability.”
Candee: Startups should use PPP to restructure, not just delay layoffs
“For us, it felt more important and more of the right thing to do to not just maintain the team during the PPP period and then Make cuts after that, but to really think about how this can be a lifeline into the future, and how we can have a team through the PPP…”
Candee: Over half of Bounce users buy from partner stores
“Our customers, we estimate more than half of them buy from our small business partners.”
Candee: Bounce insures up to $2,500 per stored item
“We do offer an insurance policy, 2500 dollars per item stored and we're actually increasing this later this year.”
Candee: 70% of Bounce traffic is organic; Google CAC is $12
“So on the consumer side, 70% of our traffic is organic search. We've also looked at Google AdWords. We could get customers for about 12 dollars there. The average transaction size is 15, and we share up to half of that with businesses.”
Candee: Bounce was profitable last month, storing over 1,000 items
“So in terms of the unit economics we basically were profitable last month. We're storing over a thousand items a month, and this is pre-mobile app.”
Candee: Bounce will expand to 10 cities in a year
“We have extremely low overhead, and I think that's the beauty of this model. We're able to scale this. We'll be in 10 cities in a year with very minimal costs. And so we could take this really big, really fast with not a ton of capital.”
Candee: Airbnb's General Counsel joins Bounce's funding round
“And, ah, one note there that I'm really excited about actually is Jillian put me in touch with
The general counsel of Airbnb.
he's actually joining our round, and he put me in touch with the head of insurance.”
Candee: Kmart reached out to Bounce expressing interest in partnership
“Yeah, we actually had Kmart reach out to us and say, hey, we're interested.”
Candee details how Bounce completely reset its early startup team
“Ultimately we basically reset the team. We let go of one person, another person quit, and then another person we moved to a contractor status with the idea to terminate a couple months later.”
Candee: Bounce's volume collapsed from 10,000 bags monthly to 1 weekly
“We were doing, like, I don't know, maybe 10,000 bags in, in a month, so that would be, like, a couple thousand bags in a week, and then the next week maybe it would be, like, 100, and then the next week it was, like, one.”
Candee: Bounce has 65 partner locations in NYC and San Francisco
“We have 65 store locations between New York City and San Francisco.”
Candee: Bounce charges $6 per day, sharing half with store partners
“So basically we charge six dollars per bag per day with the current model. And we give three dollars now phasing that to two dollars per bag to the store partners.”
Candee: Bounce is growing 50% month-over-month since February launch
“We've been in product development mode, came out of that in February, and since then we've been growing 50% month over month.”
Candee: Bounce personally vets every partner store location
“So we started out going into every single store. That's the process we use right now, just to make sure we can, someone can walk in and they know that if it's a bounce location, they'll feel safe and secure.”
Candee: Jillian Manus committed $100K on air but wired $75K
“Jillian said she was in for a 100,000.
We did a close on Friday, and The Wire with her name came in for 75 K.”
Candee: Bounce grows 50% month-over-month and hit $8.5k monthly revenue
“Yeah, so basically we've been in product development mode, came out of that in February, and since then we've been growing 50% month over month. So last month we did 8500 in revenue.”
The other half of the tape: Cody Candee's own voice is left out of every number here. 3 statements on the record name them. every mention, with the transcript →
Statements about Cody Candee, by other people (3)
Manus: Candee will abandon Bounce's delivery vision once storage scales
“I think that if he sees that there's a scalable business in just this first part of it, he's going to come to that place himself, but I'm also going to make that part of this conversation.”
Hyatt: Cody Candee has strong product instincts and counterintuitive thinking
“He's just quirky and strange enough To be onto something with his counterintuitive thinking. And his answers are very good. He's a product guy at heart.”
One line per show, most statements first. The link opens Cody's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 THE PITCHLEDGER | Co-founder & CEO, Bounce | 2 | 27 | 50% 1/2 | full record on the Pitch → |