Giovanni Smith, founder of Subscribe, details his current fleet size and geographic operational footprint to Nathan Latka.
0:00 / 0:11exact quote · 11.6s
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“So right now we have over 30 cars right now.
[257] Nathan Latka: Okay.
[257] Giovanni Smith: And we're growing.
[258] Giovanni Smith: So right now we're just based in Toronto right now.”
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More from Giovanni Smith
Opinion
Turo delivers a poor customer experience and leaves users unsupported
“The difference is that Toro has like a marketplace where people can control the prices and the customer experience is not not the best. Right. So, and when there's an issue or a problem on, on the platform for Toro, you know, you're really left on your own to …”
Giovanni SmithJun 26, 2022▶ 2:02They want to rent out your luxurious car using software, hit first $24k in ARR
AssertionSupported
Auto OEMs and dealerships are attempting to adopt subscription models
“More of the OEMs, they're trying to get into the subscription model. The car dealerships are trying to get into a subscription model.”
Giovanni SmithJun 26, 2022▶ 9:26They want to rent out your luxurious car using software, hit first $24k in ARR
AssertionNot checkable as stated
Luxury cars earn $2,000 to $3,000 monthly on Subscribe
“We see that you can actually get, get between two to 3000 dollars, give or take for that month for that car, right? Depends on, you know, the customer, the time of year. There's so many different factors that will reflect or affect the price for the month.”
Giovanni SmithJun 26, 2022▶ 10:40They want to rent out your luxurious car using software, hit first $24k in ARR
AssertionNot checkable as stated
Subscribe takes a 20% to 30% fee on car rentals
“Yeah, we take roughly between 20 to 30%, give or take. Depends on the situation.”
Giovanni SmithJun 26, 2022▶ 7:14They want to rent out your luxurious car using software, hit first $24k in ARR
AssertionNot checkable as stated
Insurance accounts for roughly 25% of Subscribe's total revenue
“I would say more, more, maybe 25% or so.”
Giovanni SmithJun 26, 2022▶ 5:36They want to rent out your luxurious car using software, hit first $24k in ARR
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