Prediction certainty 3/5 debate potential 1/5

Ewan: WeFarm expects around $50,000 in commercial revenue in 2017

Kenny Ewan · 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan · Apr 30, 2017 · at 10:16

Kenny Ewan, CEO of WeFarm, responds to host Nathan Latka regarding top-line revenue projections for 2017.

0:00 / 0:05exact quote · 5.2s
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“I would expect our revenue this year from really commercial sources to be around 50,000 dollars.”

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More from Kenny Ewan

Assertion Partly supported
Ewan: 500M Offline Farmers Produce 70% of World's Food
“Five hundred million farmers without internet, but supplying 70% of the world's food”
Kenny Ewan Apr 30, 2017 ▶ 2:16 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan
Assertion Not checkable as stated
Ewan: WeFarm sees 85% to 90% three-month user retention
“About 85, 90% of people are still using the platform three months after, after they sign up.”
Kenny Ewan Apr 30, 2017 ▶ 7:13 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan
Disclosure
WeFarm Plans Monetization Through Data and Marketplace Commissions
“For us, it's about growing a massive volume of people using our product and using it regularly, and we'll look to monetize on the back of that. But that'll be in two principal ways. One is through the data that we generate.”
Kenny Ewan Apr 30, 2017 ▶ 2:00 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan
Assertion Supported
WeFarm Closed a $1.7 Million Seed Round
“So we just closed our seed round for about 1.7 million dollars.”
Kenny Ewan Apr 30, 2017 ▶ 4:19 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan
Assertion Not checkable as stated
WeFarm Has Seen Up to 5,000 User Sign-Ups in One Hour
“Four, maybe 5000 people is our record for one hour.”
Kenny Ewan Apr 30, 2017 ▶ 6:02 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan
Assertion Not checkable as stated
Ewan: WeFarm has reached roughly 140,000 farmers
“So that's about a 140,000 farmers now.”
Kenny Ewan Apr 30, 2017 ▶ 6:45 645: WeFarm Helps 140k Off-Grid Farmers Learn Faster, $1.7M Raised, 90% Still Active After 3 Months with CEO Kenny Ewan
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