Somewear founder James Kubik discusses his initial target market size with venture capitalist Alexandra Stanton on The Pitch.
Opinion
Kubik: Satellite companies ignore end consumers to focus on infrastructure
“All these companies are focused on the infrastructure and no one's thinking about the end consumer, the end customer that's actually gonna be using this.”
Insight
Kubik: Routine messaging drives satellite communicator adoption over emergency SOS
“Number one, the primary thing is messaging, is communication with the people back home. That is absolutely number one, no question. However, once you get in the door with messaging, in the back of their mind, they're saying, you know, it's nice that I have thi…”
Disclosure
Kubik: Somewear took zero investor meetings after appearing on The Pitch
“I mean, I came on the pitch, I gave one pitch and then I did not take a single other meeting.”
Assertion Partly supported
Kubik: Four billion people lack consistent connectivity due to expansion costs
“I mean, this morning I was just walking around, there was Wi-Fi available everywhere, cellular everywhere, but what's interesting is that, you know, cellular is extremely costly to expand outside of urban areas, and so still 50% of the world, four billion peop…”
Disclosure
Kubik: Somewear generated over $150,000 in 30-day pre-order campaign
“We went out and we launched a pre-order campaign in April. And in 30 days, we sold over 150,000 dollars of product.”
Assertion Not checkable as stated
Kubik: Somewear achieves roughly 40% margin on $300 hardware
“So at 300 right now, we're at about 40%, and we're looking to improve that over time.”