Everything Will Schroeder said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Schroeder: Affordit raised early capital from Mike Jones and Mark Suster
“And so guys like Mike Jones, who runs science, Mark Suster, who had just gotten there that is, you know, running upfront, upfront.
Yep.
had, had all put money into my company.
And it was the first time I'd ever taken on outside capital.”
Schroeder: Founders Fund joined Affordit's roughly $800,000 funding round
“It was maybe closer to 800
K.
I know founders fund was in the deal.”
Schroeder: Swapalease reached $3M revenue and $1M EBITDA within a couple years
“Within a couple years they got to about three million dollars of revenue on about a million dollars of EBITDA.”
Schroeder: Unsubscribe.com, co-founded with Jamie Siminoff, yielded little financial return
“We didn't really make much off that. That was just, that was interesting learning. That was me and Jamie Siminoff who started ring. And in is an idea I had for a long time, Jamie and another guy, Josh wanted to go in and start it, but I was busy doing too many…”
Schroeder: Startups.com conducted diligence on 40 companies and acquired six
“And we looked at, I mean, I probably talked to hundreds of founders, but we looked at, ah, 40 companies closely. In other words, we did our diligence on 40 companies, and we ended up acquiring six.”
Schroeder: Clarity takes a 15% fee and absorbs payment processing costs
“And even within that 15, 15%, we're also paying the processing fees. So we pay another three percent in processing fees, and then marketing fees, administration fees, et cetera. It's not a huge margin product, but it's actually one of our best products, like o…”
Schroeder: Startups.com adds 20,000 new users monthly across its products
“Across all of our products, we have 20,000 people that join each month.”
Schroeder: Fundable investors typically commit $25K to $50K per deal
“The folks that are committing on fundable aren't committing a thousand dollars. Like these are people committing usually 25 to 50,000 dollars.”
Swapalease reached $3M revenue and $1.5M EBITDA within two years
“So it was doing almost no revenue. And then within the first year or two, we're doing about three million in revenue, but on like a 1,000,005 in EBITDA. And that was all through performance marketing.”
Startups.com hosts 1.2 million companies on its platform
“There's 1.2 million companies on the platform.”
Startups.com generates eight-figure revenue while operating debt-free and profitably
“We say it's eight figures, so you can figure it's at least that, but we're debt free and profitable.”
Schroeder: Clarity.fm features a community of over 20,000 mentors
“We've got clarity.fm, which is a community of over 20,000 mentors that we use to connect people and kind of help them through the process and coach them.”
Startups For the Rest of Us 2