Assertion Partly supported AI assessment confidence: 85% certainty 4/5 debate potential 2/5

Mokuolu: Hardware manufacturing brokers take 15% to 25% commissions

Rich Mokuolu · 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers · Oct 15, 2019 · at 4:37

InventaPrint co-founder Rich Mokuolu explains why the startup's 10% marketplace fee undercuts traditional hardware manufacturing brokers.

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“You have manufacturing brokers in the hardware space. And those people take anywhere between 15 to upwards of 25%, right?”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Rich Mokuolu

Opinion
Mokuolu: Traditional Brokers Upcharge Manufacturing to Inflate GMV
“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.”
Rich Mokuolu Oct 15, 2019 ▶ 13:11 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers
Assertion Not checkable as stated
Mokuolu claims InventaPrint has zero customer churn due to selective onboarding
“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.”
Rich Mokuolu Oct 15, 2019 ▶ 10:16 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers
Assertion Not checkable as stated
InventaPrint Case Studies Show Average 75% Manufacturing Cost Reductions
“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.”
Rich Mokuolu Oct 15, 2019 ▶ 11:54 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers
Disclosure
InventaPrint charges a 10% transaction fee to undercut traditional brokers
“So what we do is by using a 10%, we're actually undercutting the broker market, and giving a more cost-competitive solution there.”
Rich Mokuolu Oct 15, 2019 ▶ 4:54 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers
Disclosure
InventaPrint targets clients spending at least $1M annually on manufacturing
“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.”
Rich Mokuolu Oct 15, 2019 ▶ 5:21 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers
Assertion Not checkable as stated
InventaPrint has built a network of over 100 manufacturers
“So right now we have a network of over a hundred manufacturers.”
Rich Mokuolu Oct 15, 2019 ▶ 6:36 1543 They'll Help You Manufacture Your Product for 1/4th the Cost as Other Brokers, $100k in MRR, 20 Customers
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