Assertion certainty 3/5 debate potential 1/5

Fuel Panda generates roughly $50 per month per customer

Pavan Boobin · EP 349: He's Really Smart So Why'd He Quit for Startup? · Jul 8, 2016 · at 10:45

Pavan Boobin breaks down Fuel Panda's unit economics and customer monetization with Nathan Latka.

0:00 / 0:12exact quote · 12.8s

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“An average customer would pay us around 20 dollars a month plus also we have margin on the fuel, so we make like 20 dollars more, so close to 50 dollars.”

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The claim, plainly

An average Fuel Panda customer pays roughly $50 per month including a $20 monthly fee and fuel margin.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

How this resolves

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Mentioned

Fuel Panda

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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?

Fuel Panda generates roughly $50 per month per customer

More from Pavan Boobin

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