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Tim Ray

Co-Founder & CEO, VeriFast · 1 appearance on the record.

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founderexecutiveinvestorLinkedIn ↗verifast.com ↗

Tim Ray is an entrepreneur who founded the cured-meat subscription service Carnivore Club and the group-buying platform FoodScrooge. Today, he leads VeriFast, an identity and financial verification-as-a-service platform used for tenant screening and mortgage underwriting.

11statements → 8claims → 0claims resolved → 3.73/5average certainty → 1/5average debate potential → 2said about them ↓

8 not checkable as stated how the 8 claims stand · each chip opens the sources

1 prediction · 7 assertions · 3 disclosures · every statement was checked. The prediction and assertions are the 8 claims: statements the public record can support or contradict. 0 are resolved, and 8 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Tim argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Tim Ray on measured tape to publish a rate. This says nothing about how they speak.

Everything Tim Ray said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure
Carnivore Club paid $10,000 per ad read on WTF with Marc Maron
“Drinking Bros is a fairly small podcast. It's about 20,000, you know, downloads and we're paying about two 70 a pop versus we got a big podcast where you come out with WTF with Marc Maron you know, and we're paying 10 grand a pop on that one.”
Tim Ray Jun 12, 2016 ▶ 16:19 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
Ray: FoodScrooge signed an LOI in eight weeks, hitting $150K revenue
“So we actually signed our letter of intent to sell eight weeks after we launched. And within the four months that we were operating, we did about a 150,000 in revenue”
Tim Ray Jun 12, 2016 ▶ 2:44 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
FoodScrooge was acquired for $100K upfront and a $2.1M maxed-out earnout
“So it was basically a 100,000 up front with a 2.1 million dollar purchase price, which we were able to max out based on the earn out agreement.”
Tim Ray Jun 12, 2016 ▶ 3:08 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Disclosure
Ray acquired Broquet for $150,000, paying it out over time
“So it's a 150,000 dollar buy price is what I bought it for which we're in the process of you know, paying that out over the course of scaling the company.”
Tim Ray Jun 12, 2016 ▶ 5:06 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
Carnivore Club ships 5,500 monthly boxes, peaking at 8,000 during Christmas
“So we sent just over, I think, 8000 at Christmas time. And you know, so we probably two thirds of our sales are gift oriented. And on a typical month, like now we'd send around 5500 boxes”
Tim Ray Jun 12, 2016 ▶ 8:33 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
Carnivore Club reached nearly $200,000 in sales in February 2016
“February, 2016, we did just shy of 200,000 in sales across Canada, the U S and Europe.”
Tim Ray Jun 12, 2016 ▶ 10:20 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
Carnivore Club generated $1.3 million in revenue during fiscal year 2015
“Our year ends in in August, we did 1.3 million in 2015.”
Tim Ray Jun 12, 2016 ▶ 12:59 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Prediction Not checkable as stated
Carnivore Club projected reaching $2.2 million in revenue for 2016
“We're aiming for about 2.2 in 2016.”
Tim Ray Jun 12, 2016 ▶ 13:05 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Disclosure
Carnivore Club bootstrapped two years of growth on $100,000 founder capital
“We only started this company with a 100,000 dollars of startup capital from my previous exit, which isn't much. And, you know, we've been able to grow to where we are in two years with that original 100,000. We haven't raised any capital, so.”
Tim Ray Jun 12, 2016 ▶ 13:09 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
Carnivore Club operates at a 35% average gross margin after shipping
“So we're about a 35% average margin business when you're taking the, you know, discounts and our shipping is changing every month.”
Tim Ray Jun 12, 2016 ▶ 13:27 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray
Assertion Not checkable as stated
Broquet generated roughly $200,000 in gross revenue when Ray acquired it
“So when I bought it was just doing around 200,000 in gross revenue.”
Tim Ray Jun 12, 2016 ▶ 4:12 Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

The other half of the tape: Tim Ray's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 2

Every mention by year

tap a year for its mentions
0011222016episodesmentions
0122016episodes it came up in
000.51122016episodesmentions per episode
2016 2 mentions in 2 episodes 1 per episode

Appearances (1)

EpisodeDateSpeaking time
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray Jun 12, 2016 11m
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