Industrial Organic

“So, my biggest concern is, like, you have an operations nightmare collecting all this stuff.”

“And then just started networking in the space and researching and talking to people and realized that the bottleneck is really in processing capacity.”

“We had just raised a pre-seed, like, that morning before I came, I was coordinating the wires.”

“When you're investing your own money, do the right thing. When you're investing my money, pay the minimum you can pay.”

“You need 30 days to collect the methane and then, you know, that sludge, there's a sludge left over that also needs to be composted. So, two months. Our process takes five days.”

“I think, honestly, your, the stage of your company is really idea stage. It's not just pre-revenue, but it's really idea stage, because you haven't built out any of the logistics part of the business yet. It's a whole, whole realm you haven't even touched on, …”

“I don't intend to Run an ethical business at the expense of profits, but I don't intend to make a profit at the expense of ethics either.”

“We're raising a million seed round right now probably about half of that in the bank.”

“So obviously by the end of next year, our operating costs will probably be more in like the 150,000 range”

“So our first facility will do one ton per day when we launch in February. And then by September, we'll have scaled to 18 tons per day.”

“We're going to be paying people well above, we're going to be paying the lowest wage is 20 dollars an hour. So we're going to be paying well above union rates, essentially.”

“They were asking me what our burn rate was, and truthfully, at that point, it was zero, because we were just sort of in cockroach mode of raising our first round after going through an accelerator”

“We've also lined up Momofuku. They're another restaurant group in New York.”

“One of the customers that we have signed up is a company called Dig In. They're a pretty popular chain in New York.”

“He put in three 50.”

“I just think the operational stuff, it's always more complex than you think, and I'm saying that because I, I've been through it personally, and people that are gonna work for you for 20 bucks an hour, driving or whatever, like, there's gonna be days where the…”

“He put in three 50.”

“In the next year, I think it's about 60,000 a month. I mean, we're going to be growing all through this year and hiring people and adding capacity, so it's hard to pinpoint Down one number.”

“We're going to be paying people well above, we're going to be paying the lowest wage is 20 dollars an hour. So we're going to be paying well above union rates, essentially.”

“I just think the operational stuff, it's always more complex than you think, and I'm saying that because I, I've been through it personally, and people that are gonna work for you for 20 bucks an hour, driving or whatever, like, there's gonna be days where the…”

“I had what my projections were, and they thought that they were too low, but what our projections were ended up being true. Like that was what our burn was when that, that following year when we started building the team.”

“We've also lined up Momofuku. They're another restaurant group in New York.”

“And we've raised 4.2 million in venture funding and we're still around and we're still growing”

“It's really expensive. Hard to scale. The yields aren't great. You need 30 days to collect the methane and then, you know, that sludge, there's a sludge left over that also needs to be composted. So, two months. Our process takes five days.”

“So Industrial Organic has adapted commercial food processing technology to handle food waste in an indoor industrial setting without methane emissions and much lower odor than other methods.”

“One of the customers that we have signed up is a company called Dig In.”

“Realized that the bottleneck is really in processing capacity.”

“I think, honestly, your, the stage of your company is really idea stage. It's not just pre-revenue, but it's really idea stage, because you haven't built out any of the logistics part of the business yet. It's a whole, whole realm you haven't even touched on, …”

“So we're not going to use garbage trucks. We're going to get cargo vans because we're doing bin swaps. So we're just going to take the whole bin. So that cuts down significantly on the cost of vehicles, the cost of gas, the cost of getting around.”

“We're raising a million seed rounds right now probably about half of that in the bank.”

“Our first facility will do one ton per day when we launch in February. And then by September, we'll have scaled to 18 tons per day.”