The Ledger
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Jonathan Kumar projects Samaritan capping out as a $25M annual business
“I think when we win, this is a 15 to twenty-five million dollar a year business, so it's not in a stratosphere in terms of VCs and Facebook-type valuations, so we definitely believe there are returns to be had.”
Samaritan's Seattle pilot helps 28 leave streets and generates $100K revenue
“We've launched a 500 beacon pilot in Seattle, and we've seen and helped over 28 beacon holders leave the street, saving our city half a million dollars per year and earning our first 100,000 dollars in licensing revenue.”
Samaritan active users receive $40-$50 monthly and show 30-40% program retention
“We see right now about 40 to 50 dollars per active beacon holder per month, which is so low, but what's amazing about that number is even with an amount as low as 40 to 50 dollars, we're seeing 30 to 40% of beacon holders keep their beacon and go through the p…”
Samaritan users completing monthly check-ins are likely to exit to housing
“We see that beacon holders who complete those one-on-ones are likely to exit to housing, employment.”
Samaritan aims to expand its platform to 99 additional cities by 2023
“Our ultimate vision is to help people without a home in 99 more cities by twenty-twenty-three.”