InventaPrint

“Right now, the customers that use us, the reason why there's no churn, because we actually represent our case studies show roughly averaging 75% in cost reductions.”

“Our model is we're a SaaS Plus company, so we have an annual license fee that hardware companies pay us, and the plus side of things is We get paid on each transaction from the manufacturers.”

“A nanotechnology company came to us. It had a 50,000 dollar injection motor part design, and as part of the bidding process, manufacturers in our network not offer, not only offer a price, but they also offer feedback on your design intent, right? So in this c…”

“So, four team members right now.”

“So if you were to multiply again, like five grand per month by 20.”

“So what we do is by using a 10%, we're actually undercutting the broker market, and giving a more cost-competitive solution there.”

“No churn, actually. Probably that might change in the future, but right now we're, because we're very selective in who we work with, we make sure that we can provide value to people that we're onboarding.”

“So right now we have a network of over a hundred manufacturers.”

“We actually just went full-time about three months ago, both of us.”

“Our dollar profile is, you know, for a mid-market company, we really determine it by a million dollars worth of spend a year, and then for the enterprises over that so that's where we kind of target the mid-market enterprise range.”

“Right, so that, a hundred and, a 120 grand.”

“If that client was to go to anyone else, they would gladly take the 50,000 dollars and maybe even upcharge them to 70,000 dollars to get their GMV higher, right? But it really doesn't serve that customer.”