The Ledger
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Gillen predicts Roost could achieve a $50M exit within a year
“Not, not, not keen on it, and I know what I can do, and I know what Roost is capable of, and I see a you know, there could be a fifty million dollar Exit in like a year or something like that.”
Facility demolitions are sparking an urban storage crisis
“It's getting, getting torn torn down, and that's what's happening in a lot of cities, actually. It's causing a storage crisis, and that's presenting a really big opportunity for roost because there is a, Severe lack of alternatives.”
Roost has acquired 600 buyers and 2,000 listed storage spaces
“We've had like 500, 600 buyers total. And sellers, we've got probably about 2000 spaces now.”
Roost hosts average three to four storage spaces per seller
“Actually, some of them are average, like three to four spaces per host, and that's something you know, per seller, and that's something that we're actually actively pursuing a strategy around.”
Roost generated approximately $80,000 in total revenue in 2015
“2015 was something around 80 grand.”
Roost takes a 30% to 35% cut on bulk partnership deals
“We actually have some things now that we're doing where we're taking a lot more than the 15%. I didn't want to go into it too much, but with some partnership deals that we have, we do sort of bulk offers and end up making like 30, 35%.”
Roost pays approximately $50 to acquire each new space listing
“But if you want to factor everything in, I'd say it costs about 50 bucks to get a space.”
Roost has approximately two years of cash runway remaining
“We've got you know, two years of runway.”
Roost founder Jonathan Gillen pays himself a $64,000 annual salary
“I've been getting paid like 64 K.”