The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 17 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Adler: Flume Installs in 10 Minutes Without Plumbers or Pipe Cutting
“You don't need a plumber come out. You don't need to break any pipes. You can install it in about 10 minutes, and you have leak detection and water monitoring across your entire property, both indoor and outdoor. No one's been able to do that, and that's kind …”
Adler: About 50% of US Homes Have Experienced Water Damage
“About 50% of homes throughout the country have had water damage, so once someone has experienced that, they never want it to happen again, and spending a 199 bucks to fix that problem is a pretty nominal cost.”
Adler: Flume spent $2M in capital before generating its first revenue
“Believe it was about two million before we got our first dollar revenue, which is pretty low actually for an IOT company.”
Adler: Hippo Insurance actively seeks residential water usage and leak data
“They are looking for data on water usage and leaks.”
Adler: San Antonio utility pays Flume $150 rebate per unit
“San Antonio is paying us a 150 dollars in rebates per unit that we sell. So for customers, they only have to pay 50 bucks and we're able to still gather that 150 dollar cost for the 150 dollar revenue.”
Adler: Utilities pay Flume roughly $1 per user monthly for SaaS portal
“It's small, you know, we're talking like a dollar per user per month.”
Adler: About 60% of Flume's 10,000 units sold through Amazon
“Probably about 60% of them have come from Amazon.”
Adler: Flume's SaaS revenue is in the low thousands per month
“It's small. Yeah. If you're in a, it's in that ballpark, low, low thousands.”
Adler: Flume gross monthly burn is a few hundred thousand dollars
“You know, we're burning a few hundred grand per month right now. You know, we're not at profitability yet by any means.”
Adler: Flume consumers check the water monitoring app every two days
“On average right now, we have customers that are checking in on the app about once every two days.”
Adler: Flume Water Sells About 1,000 Units Per Month
“We're doing in the ballpark about a thousand units per month.”
Adler: Flume Water Grew Unit Sales 7x Year-Over-Year
“We were doing like a hundred units every other month. So we were doing basically nothing. You know, it's in the ballpark seven X growth from last year.”
Adler: About 5% of Flume Customers Pay an Annual Recurring Fee
“We have about five percent of our customers right now that actually are paying a recurring annual fee.”
Adler: Only ~25,000 of 70M Single-Family Homes Have Smart Water Monitors
“There's seventy million single family homes out there only about, including our competition, only about 25,000 of them have some sort of smart water monitoring system.”