Venkatesh Ganapathy, founder of Move Easy, responds to Nathan Latka's question regarding whether the business has achieved $1 million in annual revenue.
0:00 / 0:04exact quote · 5.0s
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“We've not passed that, and that's what we're hoping to hit in the next six to seven months.”
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More from Venkatesh Ganapathy
Insight
Ganapathy: Homebuyers prioritize insurance and movers before internet and utilities
“When you move and you buy a house, you're not going to think of internet at that point of time. The first thing you're going to think about is, I need to set up my insurance, home insurance, for example. I need to think about moving companies. Then probably cl…”
Venkatesh GanapathyDec 16, 2019▶ 7:041605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners
PredictionNot checkable as stated
Ganapathy: Move Easy will reach cash flow break-even within six months
“Combined with what we are burning today after having grown to our team size, we'll still be able to cash flow break even in this next six months.”
Venkatesh GanapathyDec 16, 2019▶ 9:371605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners
PredictionNot checkable as stated
Ganapathy: 120,000 customers will use Move Easy within six months
“To give you an idea, we have access to about a 120,000 customers Who are going to be using this platform in the next six months.”
Venkatesh GanapathyDec 16, 2019▶ 9:531605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners
AssertionNot checkable as stated
Ganapathy: Move Easy generates $450 to $500 per monetized move
“So we have processed about 13,000 moves. That, that's how many people have actually been or have gone through the system in terms of using different services. A person Who actually uses some of our monetized services. That's essentially a percentage of the ove…”
Venkatesh GanapathyDec 16, 2019▶ 12:191605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners
Disclosure
Move Easy monetizes via successful service activations, not simple referrals
“The only difference is that we don't, it's not a referral, but it's actually success based. So once someone activates a service, that's when we get paid.”
Venkatesh GanapathyDec 16, 2019▶ 4:181605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners
AssertionNot checkable as stated
Ganapathy: Move Easy handled over 12,000 to 13,000 moves in past year
“About, I would say, slightly over 12, 13,000 right now.”
Venkatesh GanapathyDec 16, 2019▶ 5:351605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners
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