Eric Adler, founder of Flume Water, discusses early domestic manufacturing costs with host Nathan Latka.
0:00 / 0:04exact quote · 4.4s
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“When we initially started out, our cost of goods was hovering around a 130 dollars in California.”
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More from Eric Adler
AssertionSupported
Adler: Flume Installs in 10 Minutes Without Plumbers or Pipe Cutting
“You don't need a plumber come out. You don't need to break any pipes. You can install it in about 10 minutes, and you have leak detection and water monitoring across your entire property, both indoor and outdoor. No one's been able to do that, and that's kind …”
Eric AdlerDec 10, 2020▶ 6:36FlumeWater Sells 10k Units at $200 With SaaS Upsell
Disclosure
Adler: Flume avoids consumer subscription fees, monetizing data via third parties
“So we'd like to not, you know, burden the consumer market with another subscription fee that you have to pay for and find ways to get that revenue from kind of third parties that we're working with.”
Eric AdlerDec 10, 2020▶ 10:33FlumeWater Sells 10k Units at $200 With SaaS Upsell
AssertionSupported
Adler: About 50% of US Homes Have Experienced Water Damage
“About 50% of homes throughout the country have had water damage, so once someone has experienced that, they never want it to happen again, and spending a 199 bucks to fix that problem is a pretty nominal cost.”
Eric AdlerDec 10, 2020▶ 12:48FlumeWater Sells 10k Units at $200 With SaaS Upsell
AssertionNot checkable as stated
Adler: Flume spent $2M in capital before generating its first revenue
“Believe it was about two million before we got our first dollar revenue, which is pretty low actually for an IOT company.”
Eric AdlerDec 10, 2020▶ 3:20FlumeWater Sells 10k Units at $200 With SaaS Upsell
AssertionSupported
Adler: Hippo Insurance actively seeks residential water usage and leak data
“They are looking for data on water usage and leaks.”
Eric AdlerDec 10, 2020▶ 5:25FlumeWater Sells 10k Units at $200 With SaaS Upsell
Disclosure
Adler: Flume hardware cost of goods is under $100 overseas
“I can't tell you exactly what our cost of goods are, but I can say, you know, it's under a hundred dollars per unit.”
Eric AdlerDec 10, 2020▶ 7:13FlumeWater Sells 10k Units at $200 With SaaS Upsell
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