Disclosure certainty 5/5 debate potential 2/5

Fertel holds a controlling equity interest over his co-founder son

Mort Fertel · 15 year old launches unique app, breaks $1m revenue, raises $10m · May 29, 2022 · at 3:43

Mort Fertel discusses the equity breakdown between himself and his teenage son/co-founder at Sudshare.

0:00 / 0:04exact quote · 4.2s
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“No, no, I always had controlling interest.”

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Opinion
Fertel says a 5% monthly churn rate is strong for SaaS
“I mean, pretty much, you know, most SaaS companies, no matter, you know, no matter what you do, a five percent churn is pretty sort of a natural churn. It's considered a strong churn rate.”
Mort Fertel May 29, 2022 ▶ 21:44 15 year old launches unique app, breaks $1m revenue, raises $10m
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Sudshare created the world's first manual labor work-from-home gig
“And so you combine that with the Sudshare app and voila, you have the first ever manual labor work from home gig in the world.”
Mort Fertel May 29, 2022 ▶ 9:24 15 year old launches unique app, breaks $1m revenue, raises $10m
Prediction Not checkable as stated
Rinse will find it nearly impossible to scale nationally like Sudshare
“It will be, you know, nearly impossible for them to really scale nationally like we have.”
Mort Fertel May 29, 2022 ▶ 19:41 15 year old launches unique app, breaks $1m revenue, raises $10m
Insight
The garment care winner will focus exclusively on laundry, not dry cleaning
“The company that wins this space is the company that's going to focus and be great at laundry. It's a totally different business.”
Mort Fertel May 29, 2022 ▶ 20:06 15 year old launches unique app, breaks $1m revenue, raises $10m
Assertion Not checkable as stated
Sudshare operates in 400 markets, avoiding Manhattan and San Francisco
“We're in 400 markets nationwide. We're pretty much everywhere except for farmland, Manhattan, and San Francisco.”
Mort Fertel May 29, 2022 ▶ 5:46 15 year old launches unique app, breaks $1m revenue, raises $10m
Assertion Not checkable as stated
Sudshare had roughly 3,000 active laundry workers in April 2022
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Mort Fertel May 29, 2022 ▶ 8:07 15 year old launches unique app, breaks $1m revenue, raises $10m
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