Disclosure
Weeks: Industrial Organic Will Burn About $60,000 Monthly Over Next Year
“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.”
Disclosure
Weeks: Industrial Organic's minimum plant wage will be $20 an hour
“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.”
Disclosure
Weeks: Industrial Organic will set minimum plant wage at $20/hour
“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.”
Assertion Not checkable as stated
Weeks: Industrial Organic processes food waste indoors without methane emissions
“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.”
Insight
Weeks: The bottleneck in waste management is processing capacity, not collection
“Realized that the bottleneck is really in processing capacity.”
Assertion Not publicly verifiable
Weeks: Industrial Organic processes food waste in five days versus two months
“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.”
Prediction Not checkable as stated
Weeks: Industrial Organic will scale processing from 1 to 18 tons daily
“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.”
Assertion Not checkable as stated
Weeks: Her actual burn matched the financial projections that investors previously dismissed
“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.”
Insight
Weeks: The real bottleneck in waste management is processing capacity
“And then just started networking in the space and researching and talking to people and realized that the bottleneck is really in processing capacity.”
Assertion Supported
Weeks: Process takes five days versus two months for anaerobic digestion
“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.”
Prediction Not checkable as stated
Industrial Organic will scale facility capacity to 18 tons daily by September
“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.”
Prediction Not checkable as stated
Weeks: Industrial Organic monthly burn will likely hit ~$150K by next year
“So obviously by the end of next year, our operating costs will probably be more in like the 150,000 range”
Insight
Weeks: Refuses to sacrifice profits for ethics or ethics for profits
“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.”
Disclosure
Weeks: Charlie O'Donnell of Brooklyn Bridge Ventures invested $350K
“He put in three 50.”
Assertion Not checkable as stated
Weeks: Industrial Organic has signed Dig Inn as a customer
“One of the customers that we have signed up is a company called Dig In.”
Assertion Not checkable as stated
Weeks: Industrial Organic has lined up Momofuku as a customer
“We've also lined up Momofuku. They're another restaurant group in New York.”
Disclosure
Weeks: Industrial Organic Will Use Cargo Vans Instead of Garbage Trucks
“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.”
Assertion Supported
Weeks: Industrial Organic has raised $4.2 million in venture funding
“And we've raised 4.2 million in venture funding and we're still around and we're still growing”
Assertion Supported
Weeks: Food is the single largest component of landfills at 21%
“Food is the single largest component of landfills. It's about 21%.”
Disclosure
Weeks: Charlie O'Donnell invested $350k in Industrial Organic
“He put in three 50.”
Disclosure
Weeks: Industrial Organic signed Dig Inn as a customer
“One of the customers that we have signed up is a company called Dig In. They're a pretty popular chain in New York.”
Disclosure
Weeks: Industrial Organic has lined up Momofuku as a customer
“We've also lined up Momofuku. They're another restaurant group in New York.”
Assertion Supported
Weeks: Food is the single largest component of landfills at about 21%
“Food is the single largest component of landfills. It's about 21%.”
Disclosure
Weeks: Industrial Organic is raising a $1M seed round with half in the bank
“We're raising a million seed rounds right now probably about half of that in the bank.”
