Disclosure certainty 4/5 debate potential 1/5

Fuel Panda raised less than $200k in total capital

Pavan Boobin · EP 349: He's Really Smart So Why'd He Quit for Startup? · Jul 8, 2016 · at 10:18

Pavan Boobin, founder of Fuel Panda, discloses the startup's total capital raised to Nathan Latka.

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“It's less than 200 K.”

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More from Pavan Boobin

Disclosure
Boobin: Fuel Panda plans to retrofit delivery trucks for EV charging
“We don't look at ourselves as just, like, doing gas forever. We are more like a mobile energy station, for say. So, like, we would retrofit our trucks with a mobile charging stations. It could be diesel. It could be hydrofuels. So, we actually get to mix and m…”
Pavan Boobin Jul 8, 2016 ▶ 9:15 EP 349: He's Really Smart So Why'd He Quit for Startup?
Assertion Not checkable as stated
Fuel Panda is cash-flow positive on route operations
“So far, like, we are actually, we are running cashflow positive on our operations”
Pavan Boobin Jul 8, 2016 ▶ 10:23 EP 349: He's Really Smart So Why'd He Quit for Startup?
Assertion Not checkable as stated
Boobin: Fuel Panda acquires new customers for approximately $5 each
“Close to five dollars.”
Pavan Boobin Jul 8, 2016 ▶ 12:08 EP 349: He's Really Smart So Why'd He Quit for Startup?
Disclosure
500 Startups invested $125,000 for a 5% stake in Fuel Panda
“No, it's one 25 K for five percent of the business.”
Pavan Boobin Jul 8, 2016 ▶ 3:52 EP 349: He's Really Smart So Why'd He Quit for Startup?
Insight
Boobin: Whiteboards make it impossible to fake abstract business ideas
“I think you know, it's really impossible to bullshit on whiteboards. Like once you have a whiteboard and you make, even if it's an abstract conversation, start drawing pictures, it just makes it so clear.”
Pavan Boobin Jul 8, 2016 ▶ 15:50 EP 349: He's Really Smart So Why'd He Quit for Startup?
Assertion Not checkable as stated
Fuel Panda serves over 100 customers doing 70 to 80 refuels weekly
“So in last few months we are working with you know, more than a hundred customers and we're doing around six, 70 to 80 refuels every week.”
Pavan Boobin Jul 8, 2016 ▶ 2:45 EP 349: He's Really Smart So Why'd He Quit for Startup?
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