Londr CEO Jennifer Meyer explains the customer distribution behind the company's 100 monthly laundry loads.
0:00 / 0:02exact quote · 2.6s
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“We probably have about 30 customers.”
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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?
AssertionNot checkable as stated
Londr generated about $100,000 in revenue over the past year
“But so we had about a 100,000 dollars of revenue just this year.”
Jennifer MeyerJan 25, 2023▶ 6:15Uber 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?
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