Samaritan

“He ended up raising 500,000 dollars of the one million he was seeking on our show. 25 K of which came from Jillian.”

“We're not targeting an exit right now. We're focusing on, on building an incredible business that helps nonprofits and cities better understand, reduce, and ultimately prevent situations of homelessness.”

“We've launched a 500 beacon pilot in Seattle, and we've seen and helped over 28 beacon holders leave the street, saving our city half a million dollars per year and earning our first 100,000 dollars in licensing revenue.”

“I don't see any ethical questions in this case. I see this as investing in hopefully a sustainable business That will provide paths to self-sufficiency and to salvation in many cases for people who've been marginalized and literally passed over, you know, ever…”

“I think when we win, this is a 15 to twenty-five million dollar a year business, so it's not in a stratosphere in terms of VCs and Facebook-type valuations, so we definitely believe there are returns to be had.”

“I don't mind investing in public benefit companies, but this just seems to be too much like a non-profit. I just, I, you know, I'm just having trouble with how this really scales to be a big company.”

“And so if I were an angel investor, I would invest in your company because from my personal angel investments that I made before I had my fund, I was able to set my own return threshold. I could say, if I get my money back on this investment and I get a chance…”

“Our average license for a Portland-sized city or a Madison, Wisconsin would be about a 175 K a year annually, and it costs us about a hundred K to execute.”

“And if we fail, but we're, it's still worth keeping Samaritan around, then we'll do the donor route.”

“We have one customer.”

“Like I am glad about getting to people in five years instead of 10, if we were doing banquet fundraisers and passing the hat for donations, it's all about how can we help people across the country experiencing homelessness the fastest. And if we need to make s…”

“We see that beacon holders who complete those one-on-ones are likely to exit to housing, employment.”

“So I'm gonna pass, and here's my reasoning. I can't get comfortable around being involved in a business like this because I don't feel comfortable pushing for profit and scaling and all this kind of stuff, and when I have to consider what we're really doing.”

“I don't see any VC wanting to say to their investors that they made all this money off of this type of program.”

“Our ultimate vision is to help people without a home in 99 more cities by twenty-twenty-three.”

“We see right now about 40 to 50 dollars per active beacon holder per month, which is so low, but what's amazing about that number is even with an amount as low as 40 to 50 dollars, we're seeing 30 to 40% of beacon holders keep their beacon and go through the p…”