Hover

10 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement May 7, 2020 by AJ Altman · said 26 times in 1 episodes since 2020 · across every show →

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brought up most by Nathan Latka (13), AJ Altman (13)

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Everything said about Hover, oldest first

May 7, 2020
Disclosure
Altman: Hover charges a $40 to $50 flat fee per data package
“We get paid transactionally today. We effectively, every time we generate that data set, that data package for our professional customer, someone who's working on a building or selling a service or product to that building, they pay us some flat fee of typical…”
AJ Altman May 7, 2020 ▶ 2:30 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 positive
Assertion Not checkable as stated
Altman: Hover has grown 4x year-over-year consecutively
“I can tell you we've grown four X Year over year over year, but I, we haven't exposed actual actual numbers there.”
AJ Altman May 7, 2020 ▶ 5:35 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 positive
Assertion Not checkable as stated
Altman: Contractors almost never churn from Hover after two or three uses
“Nearly anyone who joins our product and starts to generate this data on a, you know, once they've done it two or three times, they are not leaving this product.”
AJ Altman May 7, 2020 ▶ 4:14 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 neutral
Assertion Partly supported
Hover raised a $25 million Series B led by GV
“We closed our series B last December. You can see that publicly. It's a twenty-five million dollar round led by GV.”
AJ Altman May 7, 2020 ▶ 7:59 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020
Disclosure
Altman: Nearly all paying Hover customers are contractors, not homeowners
“We do have a small number of DIY homeowners that that, that segment is growing rapidly, but the lion's share of our customer base and nearly all of our paying customers are contractors.”
AJ Altman May 7, 2020 ▶ 2:58 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 positive
Assertion Not checkable as stated
Altman: Exterior property services is an untapped $100B to $200B market
“Well, because effectively what it does is it unlocks the hundred to two hundred billion dollar exterior property services business that no one's ever been able to sell online, right? It effectively allows us to create ways to sell products that go on buildings…”
AJ Altman May 7, 2020 ▶ 1:33 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 neutral
Assertion Not checkable as stated
Altman: Hover holds single-digit market share among contractors
“Oh, a single digit percentage.”
AJ Altman May 7, 2020 ▶ 13:22 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 neutral
Assertion Not publicly verifiable
Hover's early development was funded by Department of Defense contracts
“It was a number of DOD contracts. Yes, a number of deals we did selling software to help, help the US government in, in, in tough places.”
AJ Altman May 7, 2020 ▶ 7:15 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020
Assertion Not checkable as stated
Altman: Hover reached 115 employees after doubling headcount two consecutive years
“Yeah, so the team, we just crossed a 115 employees. We went from 50 to a 110 in the last 12 months. So we're growing rapidly. But yes you know, the number was The number was in the twenties the year before that.”
AJ Altman May 7, 2020 ▶ 9:53 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
May 7, 2020 positive
Assertion Not checkable as stated
Altman: Hover works with tens of thousands of US contracting companies
“Hundreds of thousands of contracting companies in the country, and we're dealing with tens of thousands of them today.”
AJ Altman May 7, 2020 ▶ 12:57 1748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
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