Assertion certainty 4/5 debate potential 1/5

Coca-Cola mechanical engineers use Jiga for prototype fabrication

Yonatan Wolowelsky · Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far · Sep 9, 2020 · at 3:50

Yonatan Wolowelsky, co-founder of manufacturing platform Jiga, explains enterprise client usage to Nathan Latka.

0:00 / 0:04exact quote · 4.5s
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“We have actually the mechanical engineering on Coca-Cola. They're working on a new prototype.”

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 Yonatan Wolowelsky

Insight
Jiga aims to be the largest manufacturer without owning any machines
“And we don't believe that we should own machines because Airbnb and booking, they're like the biggest hotel chain in the world. And we believe that we can be the biggest manufacturers without, without any machines.”
Yonatan Wolowelsky Sep 9, 2020 ▶ 14:26 Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Prediction Not checkable as stated
Jiga aims to reach $100M in annual revenue within 3-5 years
“They make, according to the internet, they make about one hundred million dollar per year. So, we hope we can preach something like that in three to five years.”
Yonatan Wolowelsky Sep 9, 2020 ▶ 11:38 Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Disclosure
Jiga hits 30 transactions since launch with $2K average order value
“We started this company in March. We launched in mid-April. We have 15 manufacturers. We have 10 customers. Five of them are returning. We have about 30 transactions since April, and average cost of order is about two K dollars, and we have about 30, 30% margi…”
Yonatan Wolowelsky Sep 9, 2020 ▶ 3:12 Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Disclosure
Most of Jiga's European and Israeli customers do not know Xometry
“We are operating mainly in Israel and in Europe, and most of our customers don't even know about Zometry.”
Yonatan Wolowelsky Sep 9, 2020 ▶ 12:22 Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Assertion Supported
Wolowelsky claims competitor Xometry owns its own manufacturing machines
“Xometry is a little bit different because they have, they are manufacturers themselves. So they have the machines themselves.”
Yonatan Wolowelsky Sep 9, 2020 ▶ 14:03 Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Disclosure
Jiga founders take zero salary and reinvest all revenue into marketing
“Everything we make from the platform, we put into the, into marketing. Most of it we don't withdraw salaries at the moment. We go completely bootstrap.”
Yonatan Wolowelsky Sep 9, 2020 ▶ 7:59 Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
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