Insight
Ganapathy: Homebuyers prioritize insurance and movers before internet and utilities
“When you move and you buy a house, you're not going to think of internet at that point of time. The first thing you're going to think about is, I need to set up my insurance, home insurance, for example. I need to think about moving companies. Then probably cl…”
Prediction Not checkable as stated
Ganapathy: Move Easy will reach cash flow break-even within six months
“Combined with what we are burning today after having grown to our team size, we'll still be able to cash flow break even in this next six months.”
Prediction Not checkable as stated
Ganapathy: 120,000 customers will use Move Easy within six months
“To give you an idea, we have access to about a 120,000 customers Who are going to be using this platform in the next six months.”
Assertion Not checkable as stated
Ganapathy: Move Easy generates $450 to $500 per monetized move
“So we have processed about 13,000 moves. That, that's how many people have actually been or have gone through the system in terms of using different services. A person Who actually uses some of our monetized services. That's essentially a percentage of the ove…”
Disclosure
Move Easy monetizes via successful service activations, not simple referrals
“The only difference is that we don't, it's not a referral, but it's actually success based. So once someone activates a service, that's when we get paid.”
Assertion Not checkable as stated
Ganapathy: Move Easy handled over 12,000 to 13,000 moves in past year
“About, I would say, slightly over 12, 13,000 right now.”
Assertion Not checkable as stated
Ganapathy: Move Easy grew from 30 to 22,000 real estate agents
“So we I think in 2016, we had about, end of 2016, we had about 30 real estate agents on our platform. Today we are up to about 22,000 and we are, as and when we roll them out, those numbers just keep increasing pretty rapidly.”
Disclosure
Move Easy pitches homebuyers within 24 hours of signing under agent branding
“They could potentially, the reason they are not able to do that, and the reason we are able to get in front of the customer before anyone else, is imagine you sign a contract today, within 24 hours, our system will automatically invite the customer there, and …”
Disclosure
Ganapathy: Move Easy recently raised $700k in convertible debt
“No, so we just raised about 700,000 dollars.”
Assertion Not checkable as stated
Ganapathy: Move Easy aims to hit $1M in ARR within seven months
“We've not passed that, and that's what we're hoping to hit in the next six to seven months.”
Disclosure
Ganapathy: Investors prevent Move Easy from publishing metrics publicly like Buffer
“My investors will literally, I so very much want to, my investors will, like, literally shed me to parts if I do that.”
Disclosure
Ganapathy: Move Easy is free for homebuyers, monetizes via service providers
“The way we make money is it's completely free for consumers. We work with real estate brokerages and private label this entire platform so that they can invite their clients and it's free for them as well, but we are authorized dealers for a lot of these servi…”
Disclosure
Ganapathy: Move Easy schedules full installations rather than selling simple leads
“So all of these guys, the relationship is not, not like a lead provider, so we don't just pass along the contact information. It is Truly like a concierge where we'll help them with the entire process give the customer all different options, and then once they…”
