Assertion certainty 4/5 debate potential 1/5

Carnivore Club reached nearly $200,000 in sales in February 2016

Tim Ray · Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray · Jun 12, 2016 · at 10:20

Tim Ray, founder of subscription meat service Carnivore Club, breaks down monthly revenue figures with Nathan Latka.

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“February, 2016, we did just shy of 200,000 in sales across Canada, the U S and Europe.”

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More from Tim Ray

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 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
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