Disclosure certainty 4/5 debate potential 2/5

Sorry as a Service rejects seasonal enterprise clients to protect artisan suppliers

Indrek Põldvee · 1439 Does sending physical gifts increase LTV of customers? · Jul 3, 2019 · at 15:47

Indrek Põldvee, co-founder of Sorry as a Service, details the operational constraints of fulfilling handmade gifts through independent artisan bakers.

0:00 / 0:12exact quote · 12.4s
720p mp4 · rendered on demand · StarZero watermark
“And we actually don't like to work with these companies because they don't give us steady, steady volumes. And because all the items we are shipping, it's handmade. Our bakers also need some kind of minimum volume.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Indrek Põldvee

Assertion Not checkable as stated
Sorry as a Service had the lowest burn rate in Techstars London
“And it was funny because we were in textiles, London. We had the biggest team, but the lowest burn rate.”
Indrek Põldvee Jul 3, 2019 ▶ 8:59 1439 Does sending physical gifts increase LTV of customers?
Assertion Not checkable as stated
Physical gifting yields 2.6x higher ROI than vouchers for British Telecom
“We have some results with British Telecom where we have, and some other customers where we have actually shown that our ROI is two point six times higher than normally you give vouchers and other things. So it makes more money.”
Indrek Põldvee Jul 3, 2019 ▶ 12:44 1439 Does sending physical gifts increase LTV of customers?
Assertion Not checkable as stated
Sorry as a Service ships 400 to 500 items daily
“We are sending like a four or 500 items per day.”
Indrek Põldvee Jul 3, 2019 ▶ 4:33 1439 Does sending physical gifts increase LTV of customers?
Disclosure
Founder pitched during job interviews to land his first startup customers
“I had two job interviews, which I turned into customers. Because in the end of the job, job interview, I realized like, ah, damn, this is not very passionate. And I told them, Hey, okay, I this job is interesting, but I was in a hackathon and let me know what …”
Indrek Põldvee Jul 3, 2019 ▶ 7:42 1439 Does sending physical gifts increase LTV of customers?
Assertion Not checkable as stated
Sorry as a Service makes 5% to 15% margins on physical items
“Yeah, yeah, five, 10, 15, depends how much we get.”
Indrek Põldvee Jul 3, 2019 ▶ 18:39 1439 Does sending physical gifts increase LTV of customers?
Assertion Not checkable as stated
Sorry as a Service pricing starts at £1,000 per month
“It's starting from thousand pounds a month, so to say.”
Indrek Põldvee Jul 3, 2019 ▶ 4:59 1439 Does sending physical gifts increase LTV of customers?
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.