The Ledger
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Rinse will find it nearly impossible to scale nationally like Sudshare
“It will be, you know, nearly impossible for them to really scale nationally like we have.”
The garment care winner will focus exclusively on laundry, not dry cleaning
“The company that wins this space is the company that's going to focus and be great at laundry. It's a totally different business.”
Sudshare created the world's first manual labor work-from-home gig
“And so you combine that with the Sudshare app and voila, you have the first ever manual labor work from home gig in the world.”
Sudshare operates in 400 markets, avoiding Manhattan and San Francisco
“We're in 400 markets nationwide. We're pretty much everywhere except for farmland, Manhattan, and San Francisco.”
Sudshare is demand-constrained, unlike supply-constrained Uber and Airbnb
“Unlike most marketplaces are supply constrained. So Uber needs more drivers, Airbnb needs more hosts, et cetera. We're more demand constrained than supply constrained.”
Sudshare had roughly 3,000 active laundry workers in April 2022
“How many active such there's we had last month? About 3000.”
The US domestic laundry market is a $300 billion industry
“There's a hundred and twenty-five million households producing 50 pounds of non-stop laundry every single week. If you do the math at a dollar per pound, which is what we charge, It's a three hundred billion dollar market in the U.S. Alone.”
Fertel holds a controlling equity interest over his co-founder son
“No, no, I always had controlling interest.”
Sudshare onboarded 13,000 gig workers from a single influencer post
“I mean, we had 13,000 such there's on board in November. And it's because we had an influence or post about this unique work from home opportunity.”
Sudshare closed a $10M seed round to build a marketing team
“We just closed a ten million dollar seed round, and we're going to be investing a lot of that in a marketing team and in paid media spend.”
Sudshare takes a 25% platform fee, paying workers the rest
“She's getting 5000, which is 75% that we're getting 25%.”
Sudshare has over 90,000 registered gig workers across the US
“But I can tell you that we have over 90,000 Sudsters nationwide.”
Laundry has seen no innovation since the washer and dryer
“It's actually shocking. There's been no innovation in this space since the washer and dryer almost a century ago.”
Sudshare has grown 10% to 30% monthly for several years
“Well, we've been growing at about 10 to 30% a month, every single month for a couple of years now.”