Assertion certainty 4/5 debate potential 1/5

Londr currently generates approximately $5,000 in monthly revenue

Jennifer Meyer · Uber for Laundry did $200k last year. Can this be a $10/year business? · Jan 25, 2023 · at 6:04

Londr CEO Jennifer Meyer discusses the peer-to-peer laundry platform's current financial performance and revenue metrics with Nathan Latka.

0:00 / 0:03exact quote · 3.9s
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“And currently our revenue is, is only about 5000 dollars a month.”

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More from Jennifer Meyer

Assertion Not 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 Meyer Jan 25, 2023 ▶ 16:23 Uber for Laundry did $200k last year. Can this be a $10/year business?
Assertion Not 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 Meyer Jan 25, 2023 ▶ 3:30 Uber for Laundry did $200k last year. Can this be a $10/year business?
Assertion Not 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 Meyer Jan 25, 2023 ▶ 3:22 Uber for Laundry did $200k last year. Can this be a $10/year business?
Assertion Not 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 Meyer Jan 25, 2023 ▶ 6:15 Uber for Laundry did $200k last year. Can this be a $10/year business?
Prediction Not checkable as stated
Meyer expects Londr to raise funding at a $3M valuation cap
“I believe it's around three million.”
Jennifer Meyer Jan 25, 2023 ▶ 7:01 Uber for Laundry did $200k last year. Can this be a $10/year business?
Disclosure
Meyer expects to retain 20% equity in Londr after financing
“I'm going to end up after several rounds at about 20%.”
Jennifer Meyer Jan 25, 2023 ▶ 10:56 Uber for Laundry did $200k last year. Can this be a $10/year business?
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