Assertion Contradicted
Brown: More Gen Z converted to Christianity than Millennials or prior generation
“Statistically, there are more Gen Z's that have converted to Christianity than there have been Millennials and the prior generation.”
Assertion Contradicted
Brown: One in three pastors leave ministry over financial stress
“One in three church leaders who leave the ministry due to the stress of financial responsibility.”
Assertion Partly supported
Brown: US churches hold $1T equity, sit empty 70% of the week
“And with nearly a trillion dollars that's tied up in the church real estate equity in America, the average church is empty 70% of the week. There's nearly half a million of them in this country, and church real estate is the largest untapped And most unexpecte…”
Assertion Not checkable as stated
Brown: ChurchSpace generates $60K per year for churches renting commercial kitchens
“Helping churches to earn 60,000 dollars per year of new revenue that they otherwise would have never seen.”
Disclosure
ChurchSpace signs partnership to onboard 1,200 churches in 2024
“We recently closed a large denominational partnership to add 1200 churches to the platform this year.”
Insight
Brown: Faith ecosystems are relational, requiring established trust to succeed
“Faith ecosystems are completely relational. Right, so our network, connecting with them, establishing that trust, that's how we win as pastor's kid.”
Assertion Not checkable as stated
Brown: ChurchSpace needs 35,000 churches to achieve unicorn valuation
“To get to the billion dollar status, we need 35,000 churches on the platform.”
Prediction Not checkable as stated
Brown: Church-to-church rentals will be ChurchSpace's largest revenue segment
“I think church to church is going to be the largest percentage of that pie just because there is so much natural connectivity and adjacency for a church to want to use another church to get their ministry started.”
Assertion Contradicted
Brown: Food truck industry has grown at a 30% CAGR
“That, that industry has grown by 30% compound annual growth rate.”
Assertion Not checkable as stated
Brown: ChurchSpace has nearly 8,000 signups and launched in Houston
“We have nearly 8000 customers that have signed up to our platform, and we just released the latest version in Houston, Texas in November.”
Disclosure
Brown: ChurchSpace raising $1.2M to expand to Dallas, Austin, and Atlanta
“And now we are wrapping up our 1.2 million dollar round to scale to three new markets this year. That's Dallas, Austin, and Atlanta, and to hire the rockstar team to help fuel that growth.”
Disclosure
Brown: ChurchSpace is raising on an $8M post-money valuation
“It's eight million post.”
Assertion Not checkable as stated
ChurchSpace reports having roughly 350 churches on its platform
“We have about 350 churches that have signed up to the platform.”
Disclosure
ChurchSpace operates with a 20% marketplace take rate
“At the moment, it's a simple take rate of 20%.”
Assertion Not checkable as stated
ChurchSpace generated $150K in gross revenue in 2023
“So in 2023, we just closed with a 150 K of gross revenue.”
Assertion Not checkable as stated
ChurchSpace co-founders previously sold streaming platform ChurchSpace TV
“Her and I actually have a small exit together from a project that we worked on prior to Church Space called Church Space TV, which in the beginning of the pandemic, We pivoted Churchbase to become a streaming platform, and we sold that to a small production co…”
Assertion Supported
Brown: Over 5,000 building-less church startups exist in the US
“There are about 5000 or more of them that exist in the United States.”
Assertion Supported
Brown: Food truck operators are legally required to use commercial kitchens
“By law, they need a commercial kitchen to be connected to”
