Everything Jonathan Gillen said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Gillen predicts Roost could achieve a $50M exit within a year
“Not, not, not keen on it, and I know what I can do, and I know what Roost is capable of, and I see a you know, there could be a fifty million dollar Exit in like a year or something like that.”
Facility demolitions are sparking an urban storage crisis
“It's getting, getting torn torn down, and that's what's happening in a lot of cities, actually. It's causing a storage crisis, and that's presenting a really big opportunity for roost because there is a, Severe lack of alternatives.”
Roost raised its Series Seed at a $12M pre-money valuation
“12 pre.”
Gillen is targeting a $150M valuation or a 10x exit multiple
“I'm going for 10 times.”
Roost has acquired 600 buyers and 2,000 listed storage spaces
“We've had like 500, 600 buyers total. And sellers, we've got probably about 2000 spaces now.”
Roost hosts average three to four storage spaces per seller
“Actually, some of them are average, like three to four spaces per host, and that's something you know, per seller, and that's something that we're actually actively pursuing a strategy around.”
Roost has raised $4.9 million in total funding to date
“We've raised 4.9 million to date.”
Roost generated approximately $80,000 in total revenue in 2015
“2015 was something around 80 grand.”
Roost has processed roughly $1.7M in cumulative transaction volume
“Like 1.7 million.”
Roost generates $25,000 per month in recurring revenue
“20, we're doing about 25 grand a month.”
Roost takes a 30% to 35% cut on bulk partnership deals
“We actually have some things now that we're doing where we're taking a lot more than the 15%. I didn't want to go into it too much, but with some partnership deals that we have, we do sort of bulk offers and end up making like 30, 35%.”
Roost pays approximately $50 to acquire each new space listing
“But if you want to factor everything in, I'd say it costs about 50 bucks to get a space.”
Roost has approximately two years of cash runway remaining
“We've got you know, two years of runway.”
Roost founder Jonathan Gillen pays himself a $64,000 annual salary
“I've been getting paid like 64 K.”
Roost takes a 15% transaction fee on peer-to-peer storage bookings
“So the transaction happens, and we take 15% and it comes from both parties.”
Gillen previously sold his Droperty Tax stake for a couple hundred thousand
“Ended up by getting bought out by my partners for you know, nothing, nothing crazy, a couple hundred grand. And at that time, that was, you know, I was 23, and that was the most amount of money I've ever seen in my life.”