Disclosure certainty 4/5 debate potential 2/5

Cantey: No ParkEvergreen co-founders take pay or expense reimbursement

Ben Cantey · 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey · Apr 27, 2017 · at 9:39

Ben Cantey discusses bootstrapping ParkEvergreen and the financial sacrifices made by his five co-founders.

0:00 / 0:06exact quote · 6.7s
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“So it's a, it's such a balanced team and nobody's asked for pay or reimbursement. Everybody's in it to win it for as long as we're in it.”

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More from Ben Cantey

Disclosure
ParkEvergreen split equity equally among all five of its co-founders
“We actually did it flat across the board.”
Ben Cantey Apr 27, 2017 ▶ 9:01 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey
Prediction Not checkable as stated
ParkEvergreen will scale from zero to $170K MRR by July 2017
“But we'll book our first revenue in June and we'll actually move from zero to about a 170,000 dollars in an MRR starting in July. And then keep scaling from there.”
Ben Cantey Apr 27, 2017 ▶ 3:30 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey
Assertion Contradicted
Cantey: Top 20 U.S. airports all have parking expansion projects
“The modernization projects that I mentioned At the top 20 airports, they all have parking expansion projects, and these are based on a 15 airport study that was completed last year in partnership with the U.S. Government and, you know, some of these top airpor…”
Ben Cantey Apr 27, 2017 ▶ 5:18 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey
Disclosure
ParkEvergreen pivoted because investors grew tired of mobile parking apps
“Investors particularly and why we really pivoted is that investors are kind of tired of the mobile app parking solution.”
Ben Cantey Apr 27, 2017 ▶ 8:03 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey
Prediction Didn’t hold up
Cantey predicts ParkEvergreen will eventually monopolize entire airport parking facilities
“Eventually we'll take over entire facilities, and so the only way to park will be to use Park Evergreen.”
Ben Cantey Apr 27, 2017 ▶ 15:01 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey
Insight
Cantey: Travelers will not download an app when arriving at airports
“Nobody's gonna download this when they get to the airport. You're in a rush. You're trying to park.”
Ben Cantey Apr 27, 2017 ▶ 16:11 642: ParkEvergreen $100/mo Per Airport Parking Space to Help You Park Faster with CEO Ben Cantey
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