Everything Jennifer Meyer said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Meyer notes high customer attrition is universal across laundry marketplaces
“There's a natural attrition rate. And this is a universal with actually all of our competitors.”
Londr acquired its user base with almost zero marketing spend
“And what's brilliant, Nathan, is we've had almost zero marketing spend.”
Londr has 5,000 washers but only 2,000 customer signups
“We've had over 2000 customers sign up over the country, and we have close to 5000 washers.”
Londr currently generates approximately $5,000 in monthly revenue
“And currently our revenue is, is only about 5000 dollars a month.”
Londr generated about $100,000 in revenue over the past year
“But so we had about a 100,000 dollars of revenue just this year.”
Meyer expects Londr to raise funding at a $3M valuation cap
“I believe it's around three million.”
Meyer expects to retain 20% equity in Londr after financing
“I'm going to end up after several rounds at about 20%.”
Local TV news coverage was Londr's most effective marketing channel
“Actually, the most effective marketing we did was having a local news station talk about us. And we had the highest hits from that.”
Londr revenue peaked at $12,000 per month in early 2022
“And they were at about at this time a year ago, they had finally ramped up to around 12,000 dollars a month over a four month period from about five to seven, nine.”
Londr has customer signups across all 50 US states
“Currently, we're available in all 50 states. We have had signups in all 50 states, but we are targeting, we have clusters of customers in, in a number of places around the U.S.”
Londr pays washers $32 for every $50 large bag of laundry
“The washer makes 32 dollars.”
Londr processes approximately 100 loads of laundry per month
“So about a hundred.”
Londr serves only about 30 unique customers per month
“We probably have about 30 customers.”
Londr raised a $900,000 seed round from a family member
“It was nine million 900,000.”
Meyer names Taylor Swift as the business leader she admires most
“Who I want to emulate is Taylor Swift. She's the one I admire most.”