Yonatan Wolowelsky, co-founder of manufacturing marketplace Jiga, discusses revenue targets with Nathan Latka, benchmarking against competitor Xometry.
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“They make, according to the internet, they make about one hundred million dollar per year. So, we hope we can preach something like that in three to five years.”
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More from Yonatan Wolowelsky
Insight
Jiga aims to be the largest manufacturer without owning any machines
“And we don't believe that we should own machines because Airbnb and booking, they're like the biggest hotel chain in the world. And we believe that we can be the biggest manufacturers without, without any machines.”
Yonatan WolowelskySep 9, 2020▶ 14:26Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Disclosure
Jiga hits 30 transactions since launch with $2K average order value
“We started this company in March. We launched in mid-April. We have 15 manufacturers. We have 10 customers. Five of them are returning. We have about 30 transactions since April, and average cost of order is about two K dollars, and we have about 30, 30% margi…”
Yonatan WolowelskySep 9, 2020▶ 3:12Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
AssertionNot checkable as stated
Coca-Cola mechanical engineers use Jiga for prototype fabrication
“We have actually the mechanical engineering on Coca-Cola. They're working on a new prototype.”
Yonatan WolowelskySep 9, 2020▶ 3:50Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Disclosure
Most of Jiga's European and Israeli customers do not know Xometry
“We are operating mainly in Israel and in Europe, and most of our customers don't even know about Zometry.”
Yonatan WolowelskySep 9, 2020▶ 12:22Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
AssertionSupported
Wolowelsky claims competitor Xometry owns its own manufacturing machines
“Xometry is a little bit different because they have, they are manufacturers themselves. So they have the machines themselves.”
Yonatan WolowelskySep 9, 2020▶ 14:03Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
Disclosure
Jiga founders take zero salary and reinvest all revenue into marketing
“Everything we make from the platform, we put into the, into marketing. Most of it we don't withdraw salaries at the moment. We go completely bootstrap.”
Yonatan WolowelskySep 9, 2020▶ 7:59Jiga3d Connects Engineers to Manufacturers, 30 Transactions at $2k each so Far
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