Hover CEO AJ Altman explains company growth rates while declining to disclose exact revenue or transaction figures.
0:00 / 0:07exact quote · 7.8s
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“I can tell you we've grown four X Year over year over year, but I, we haven't exposed actual actual numbers there.”
quote is from the automated transcript, cleaned for reading:
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More from AJ Altman
AssertionNot checkable as stated
Altman: Exterior property services is an untapped $100B to $200B market
“Well, because effectively what it does is it unlocks the hundred to two hundred billion dollar exterior property services business that no one's ever been able to sell online, right? It effectively allows us to create ways to sell products that go on buildings…”
AJ AltmanMay 7, 2020▶ 1:331748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
AssertionNot checkable as stated
Altman: Contractors almost never churn from Hover after two or three uses
“Nearly anyone who joins our product and starts to generate this data on a, you know, once they've done it two or three times, they are not leaving this product.”
AJ AltmanMay 7, 2020▶ 4:141748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
Disclosure
Altman: Hover charges a $40 to $50 flat fee per data package
“We get paid transactionally today. We effectively, every time we generate that data set, that data package for our professional customer, someone who's working on a building or selling a service or product to that building, they pay us some flat fee of typical…”
AJ AltmanMay 7, 2020▶ 2:301748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
AssertionNot checkable as stated
Altman: 20M to 30M exterior project estimates happen annually in North America
“I can tell you how many how many, roughly how many estimates happen across North America every year for these types of projects. It's between 20 and thirty million.”
AJ AltmanMay 7, 2020▶ 5:431748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
AssertionNot publicly verifiable
Hover's early development was funded by Department of Defense contracts
“It was a number of DOD contracts. Yes, a number of deals we did selling software to help, help the US government in, in, in tough places.”
AJ AltmanMay 7, 2020▶ 7:151748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
AssertionPartly supported
Hover raised a $25 million Series B led by GV
“We closed our series B last December. You can see that publicly. It's a twenty-five million dollar round led by GV.”
AJ AltmanMay 7, 2020▶ 7:591748 "Wouldn't Be Surprise If We Hit $50M This Year" says 3d Home Modeling CEO
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