FarmRaiser

“So we've got about 30 of those companies on the platform and we add two or three a month right now.”

“So a typical fundraising campaign will sell about 3000 dollars with a product, which is about 270 dollars for us, right?”

“Of course I'm following Bezos cause he's going to be my new neighbor and much of what they did in their marketplace we like, and much of it that we don't like, we think we can beat them at.”

“Raised just over a million dollars.”

“We do, we have, we take out from both sides of the platform. We take a little bit from the supplier. So by adding on a small fee to each unit sold, not dissimilar to what Airbnb does. And then on the backside, we take five to 10% of the retail price.”

“So we should be there by the end of this fiscal year we should be looking at a real volume that allows us to break even.”

“Some of them are large, like Equal Exchange is a seventy million dollar a year company that does, you know, organic coffee and tea and chocolate. They're moving their entire catalog fundraising business onto the farm raiser platform.”

“So over, over the course of the last three years, we've sold over a million dollars in products, and we've got 2600 SKUs available on the platform.”

“No money changes hand up front. It's all a presale. So if it says suggested retail, 28 dollars, they're going to buy it for about 14 dollars. And so they're going to, so they're, their wholesale cost is about 50% of retail in general.”

“We've tabbed down to around 35.”

“So we did about 350 campaigns.”

“It's between 515 hundred dollars for every fundraising company that signs up on the platform.”