Jonathan Gillen discusses Roost's cash reserves and burn rate with Nathan Latka.
0:00 / 0:02exact quote · 2.4s
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“We've got you know, two years of runway.”
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More from Jonathan Gillen
PredictionNot checkable as stated
Gillen predicts Roost could achieve a $50M exit within a year
“Not, not, not keen on it, and I know what I can do, and I know what Roost is capable of, and I see a you know, there could be a fifty million dollar Exit in like a year or something like that.”
Jonathan GillenJul 23, 2016▶ 18:28Ep 364: $300,000 Per Year Worth $15 Million?
Opinion
Facility demolitions are sparking an urban storage crisis
“It's getting, getting torn torn down, and that's what's happening in a lot of cities, actually. It's causing a storage crisis, and that's presenting a really big opportunity for roost because there is a, Severe lack of alternatives.”
Jonathan GillenJul 23, 2016▶ 5:29Ep 364: $300,000 Per Year Worth $15 Million?
Disclosure
Roost raised its Series Seed at a $12M pre-money valuation
“12 pre.”
Jonathan GillenJul 23, 2016▶ 9:09Ep 364: $300,000 Per Year Worth $15 Million?
PredictionDidn’t hold up
Gillen is targeting a $150M valuation or a 10x exit multiple
“I'm going for 10 times.”
Jonathan GillenJul 23, 2016▶ 13:59Ep 364: $300,000 Per Year Worth $15 Million?
AssertionNot checkable as stated
Roost has acquired 600 buyers and 2,000 listed storage spaces
“We've had like 500, 600 buyers total. And sellers, we've got probably about 2000 spaces now.”
Jonathan GillenJul 23, 2016▶ 5:51Ep 364: $300,000 Per Year Worth $15 Million?
Disclosure
Roost hosts average three to four storage spaces per seller
“Actually, some of them are average, like three to four spaces per host, and that's something you know, per seller, and that's something that we're actually actively pursuing a strategy around.”
Jonathan GillenJul 23, 2016▶ 6:08Ep 364: $300,000 Per Year Worth $15 Million?
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