Project Repat raised $25,000 in 2012 and bootstrapped operations thereafter
Nathan Rothstein · He Made $750k in November, 2015 From Tee Shirt Quilts in Episode 189 with Nathan Rothstein · Mar 6, 2016 · at 8:22
Nathan Rothstein, co-founder of Project Repat, discusses the company's funding history with host Nathan Latka.
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“We were in a in a social good accelerator in San Francisco called Better Ventures in 2012, and we got basically raised about 25,000 dollars, but from that, ever since then, it's been bootstrapped.”
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More from Nathan Rothstein
A zero-fee Groupon feature generated $100,000 in a week for Project Repat
“So beginning of August, 2012 with little money left, we were able to get Groupon to feature us and to push us national and not take a percentage because we were a social good business, and so and then we sold 2000 quilts in, in a week, and so that put a 100,00…”
Project Repat earns a 35% to 45% profit margin per quilt
“Sure, so we, so the cost is, I mean, basically each, for each quilt we're making between 35 and 45%.”
Project Repat produced roughly 4,000 quilts in December 2015
“So we made about a thousand quilts a week. And so about 4000 quilts.”
Project Repat generated $750,000 in revenue during November 2015
“Our biggest month was November. We did about 750,000 in revenue.”