The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Kugel: Amazon has tried to enter tires and failed to figure it out
“And you have companies like Amazon trying to get into tires, and they have not really figured it out.”
Kugel: Tire Agent is raising on a $10M convertible note
“So we're doing a ten million dollar convertible note.”
Kugel: Mobile tire competitors lack pricing knowledge and distributor connections
“So where we're different is a lot of them really don't buy tires at the right price because they don't know the cost of the distributors. And so I do, that was an advantage that I had coming into it. Plus I have a lot more connections than a typical tire shop …”
Kugel: Tire Agent can make $100K profit per truck
“I believe you can make about a 100,000 dollars a truck in profit, not including if I add wheels.”
Kugel: The tire industry sells 252 million tires annually, worth $30B
“So there's two hundred and fifty two million tires sold every year. So people automatically, they perk up, right? So it's a thirty billion dollar industry.”
Kugel: Tire Agent captures 25% gross margin on retail tires
“The average cost is typically a hundred bucks on a tire retail. Our margin's about 25%. That's what we make. We make 25 bucks. The remainder goes to the distributor or manufacturer.”
Kugel: Tire Agent recently raised capital at a $3M valuation
“I didn't really have much of a choice because I had just raised money at a three.”
Kugel: Tire Agent subcontracts all tire installers from mobile installation companies
“Right now, all of our installers are subcontracted of other mobile installation companies that we're working with, and that industry has been very fragmented, and now I'm kind of converting them into an actual tire shop, but we're the customer experience.”