Assertion Not checkable as stated
Smith: James Altucher Ghosted Sandbox Commerce After His On-Air Offer
“Yeah, so we, nothing happened. James has not invested yet.”
Assertion Contradicted
Smith: 60% of the Top 500 Internet Retailers Lack Mobile Apps
“If you're looking at the IR 500, which is a sampling of the top 500 retailers in the market, 60% of those retailers don't have a mobile app.”
Assertion Contradicted
Smith: Sandbox Commerce Is the Only Fully Native Retail App Builder
“We are the only company that builds fully native apps.”
Assertion Not checkable as stated
Smith: Retailers Harvest Valuable Consumer Data Even From Deleted Apps
“A customer doesn't need to keep the app on their phone. A customer simply needs to log in one time, and you've got that valuable data. They can download the app register one time and delete the app and you've got the data.”
Opinion
Smith: Sandbox Commerce Targets a $36 Billion Total Addressable Market
“So the total addressable addressable market, our addressable market is six, is thirty six billion dollars currently right now.”
Assertion Partly supported
Smith: Only 2% of Retailers Currently Have Mobile Applications
“Two percent of retailers have mobile applications right now.”
Assertion Not checkable as stated
Smith: Mid-Market Retailers Spend $250,000 on First-Year App Development
“If you are a retailer and you want to build a mobile app, in the case of a smaller retailer who's generating a million dollars or more in revenue. That retailer is spending a quarter of a million dollars the first year to build that mobile application.”
Assertion Not checkable as stated
Smith: Major Brands Like Macy's Spend $1M+ Per App Store
“A brand like Cabela's or Macy's is spending at least a million dollars per app store today.”
Insight
Smith: 20% of Retail App Users Generate 80% of Brand Revenue
“The 20% of folks that download the apps, tip a brand's app is the brand enthusiast. They're already following them on Snapchat, Instagram, and Facebook. And that, that 20% typically generates 80% of the revenue.”
Assertion Not checkable as stated
Smith: Sandbox Commerce Is Exactly 20 Customers Away From Profitability
“The reason why we're raising two 50 is because we are 20 customers away from being profitable. 20 customers.”
Disclosure
Smith Accepts James Altucher's On-Air Investment Offer
“Oh. I accept your offer.”
Assertion Not checkable as stated
Smith: Sandbox Commerce Saves Retailers Six Months and $250,000
“Our platform helps those retailers save, you know, six months and nearly 250,000 dollars.”
Assertion Not checkable as stated
Smith: Sandbox Commerce Has 10 Paying Customers and $5k MRR
“So we've got eight, eight, eight on beta. We've got 10 paying customers. ... 5000 a month.”
Disclosure
Smith: Sandbox Commerce Is Raising a $250,000 Bridge Round
“We're raising, so we're raising a bridge round effectively to focus on sales and marketing sales and marketing and at two 50 right now. And we've already got a hundred committed.”
Disclosure
Smith: Structure Capital Evaluates Sandbox Commerce's Bridge or Priced Round
“The discussion we're actively having with a structure is You know, do we come in in this round, potentially, or do we come in in your price round in in the first quarter of 2018? And so that's and it's, so that's a, and they've been incredibly responsive. We'v…”
