PODS

“I think I raised seven million dollars on that first friends and family round.”

“They've done over four million pickups and deliveries. They've never dropped a container never had a bottom fall out of a container.”

“I think we're going to grab more customer share from U-Haul than we will pods, but we will certainly get the portable storage customer as well.”

“The way I looked at it back in those days, I could rent a warehouse for five dollars a square foot, and this warehouse was 30 feet high and, you know, a few columns in it and stuff. So I can stack the boxes, right? So I'm selling, I'm renting the boxes for vir…”

“And number one is we dropped right in between two major industries, the full service movers, the Mayflowers, the Allied, those guys. And the truck rental people, U-Haul. If you think about it, back in those days, before portable storage, if you want to move fr…”

“I actually confirmed with the CFO at the time. Are you guys making any money at the, on the deliveries and stuff? And he said, no, we don't make any money. He says, if I get rid of that piece of the business, I'd do it in a heartbeat.”

“I would tell you that, you know, we've been in this now call two years. I'd say we're at the same level pods was seven years into the business.”

“The other part of the reason is I had these early investors that had been in now for 10 years. And really had seen no return on their investment, and, ah, certainly were entitled to it, and so, ah, I, you know, I was taking care of them, and, ah, the timing ju…”

“The way to grow a business without capital is through franchising. Franchising is really a financing tool.”

“Now what we did is we dropped a new company, new solution, new offering for the consumer between U-Haul and pods that saves the customer money, lets them take everything under their own control, saves us a ton of logistics and headaches, and we don't charge a …”