ECGO

“Yeah, so we're raising seven 50, and we just started and so we're doing a safe and the cap is five million, so we're just starting with that.”

“Yeah, so that lasts us 12 months and so our goal is to launch more universities and corporate offices in the southeast, so that is, like, our focus, and our goal is 20 institutions by the end of next year.”

“And then it rolled over into a full year implementation, that was 20,000 dollars and so that's what we are currently with both institutions on.”

“Our user acquisition cost is only a dollar 50 because, like, we just put, like, we have cookies and whatever to get students to download the application.”

“Yes, so right now we have 1500 students on the platform who use it. We have a 33% monthly active user rate, and on average students recycle 35 items each month. So we've seen really great usage, and the fraud was like less than one percent.”

“I do think there's something in here, but this is not the right model.”

“And so right now, Georgia Tech, Georgia State have this waste through goal by 2030, and there's no way for them to effectively track how they are reaching these goals today.”

“I've been thinking about this problem for a while. I've invested in it twice, and I think we are at a time where we've got a convergence of technologies that could potentially create another wave of this kind of thing, because it's so easy, like doing it on yo…”

“If she had a bottoms up strategy, she could also then go and get the money from the campus, because you go to USC and go, look, you know, there's already eight sororities that are competing against each other. Why don't you buy a site license because they're a…”

“Georgia State and the Georgia Institute of Technology are our first customers. So we started them off with a semester pilot that cost 5000 dollars, which I know, like no one negotiated. Yes, it was too low. And then it rolled over into a full year implementati…”

“Our user acquisition cost is only a dollar 50 because like, we just put like, we have cookies and whatever to get students to download the application.”

“The thing I'm trying to really grapple with is the customer acquisition, and there are a couple of different customers. It's sort of this B to B To see model, which it gets a little bit tricky around, like, how do you get to sort of the next layer of customer,…”

“Yes, so right now we have 1500 students on the platform who use it. We have a 33% monthly active user rate, and on average students recycle 35 items each month, and the fraud was like less than one percent. We had like 10 students who were ridiculous and then …”

“I know you're, you say that they're responsible for it, but I've seen these kind of things where, you know, you sign a demo deal and then nobody's really responsible for customer acquisition, and at the end of the LOI, everybody's like, this thing didn't work.”

“I don't think I can get there on the current round, just cause I'm not, I think I have in my mind a sense of how big the university tickets would have to be, and I'm not sure they're there yet.”

“During the summer, I was heads down doing sales, and so we spoke to 37 universities over the summer. So, in November, we're about to launch 14 universities for an America Recycles Day Challenge.”

“Right now we're using OpenAI's clip model, which creates a caption for every item that you take a picture of through the platform. And then it looks for that item in our database of materials.”

“Yeah, so we're raising seven 50, and we just started and so we're doing a safe and the cap is five million, so we're just starting with that.”