Londr CEO Jennifer Meyer shares the company's full-year top-line revenue numbers with Nathan Latka.
0:00 / 0:04exact quote · 4.1s
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“But so we had about a 100,000 dollars of revenue just this year.”
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More from Jennifer Meyer
AssertionNot checkable as stated
Meyer notes high customer attrition is universal across laundry marketplaces
“There's a natural attrition rate. And this is a universal with actually all of our competitors.”
Jennifer MeyerJan 25, 2023▶ 16:23Uber for Laundry did $200k last year. Can this be a $10/year business?
AssertionNot checkable as stated
Londr acquired its user base with almost zero marketing spend
“And what's brilliant, Nathan, is we've had almost zero marketing spend.”
Jennifer MeyerJan 25, 2023▶ 3:30Uber for Laundry did $200k last year. Can this be a $10/year business?
AssertionNot checkable as stated
Londr has 5,000 washers but only 2,000 customer signups
“We've had over 2000 customers sign up over the country, and we have close to 5000 washers.”
Jennifer MeyerJan 25, 2023▶ 3:22Uber for Laundry did $200k last year. Can this be a $10/year business?
AssertionNot checkable as stated
Londr currently generates approximately $5,000 in monthly revenue
“And currently our revenue is, is only about 5000 dollars a month.”
Jennifer MeyerJan 25, 2023▶ 6:04Uber for Laundry did $200k last year. Can this be a $10/year business?
PredictionNot checkable as stated
Meyer expects Londr to raise funding at a $3M valuation cap
“I believe it's around three million.”
Jennifer MeyerJan 25, 2023▶ 7:01Uber for Laundry did $200k last year. Can this be a $10/year business?
Disclosure
Meyer expects to retain 20% equity in Londr after financing
“I'm going to end up after several rounds at about 20%.”
Jennifer MeyerJan 25, 2023▶ 10:56Uber for Laundry did $200k last year. Can this be a $10/year business?
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