The Ledger
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ParkEvergreen split equity equally among all five of its co-founders
“We actually did it flat across the board.”
ParkEvergreen will scale from zero to $170K MRR by July 2017
“But we'll book our first revenue in June and we'll actually move from zero to about a 170,000 dollars in an MRR starting in July. And then keep scaling from there.”
Cantey: Top 20 U.S. airports all have parking expansion projects
“The modernization projects that I mentioned At the top 20 airports, they all have parking expansion projects, and these are based on a 15 airport study that was completed last year in partnership with the U.S. Government and, you know, some of these top airpor…”
ParkEvergreen pivoted because investors grew tired of mobile parking apps
“Investors particularly and why we really pivoted is that investors are kind of tired of the mobile app parking solution.”
Cantey predicts ParkEvergreen will eventually monopolize entire airport parking facilities
“Eventually we'll take over entire facilities, and so the only way to park will be to use Park Evergreen.”
Cantey: Travelers will not download an app when arriving at airports
“Nobody's gonna download this when they get to the airport. You're in a rush. You're trying to park.”
Cantey: No ParkEvergreen co-founders take pay or expense reimbursement
“So it's a, it's such a balanced team and nobody's asked for pay or reimbursement. Everybody's in it to win it for as long as we're in it.”
ParkEvergreen charges airports an average of $100 per space per month
“It's a flat fee that we charge per space that we're managing per month. And it depends on market, but on average, we're right around a hundred dollars per space.”
Cantey: Average top 10 US airport manages over 18,000 parking spots
“Your average top 10 airport's managing over 18,000 parking spaces. And some of them are have twice or triple that.”