The Ledger
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Rasheta: iStabilizer walked away four times during Walmart retail renegotiations
“So there were three or four times when they, when I would, when I told them, okay, the deal's over. We don't want to be in Walmart. And then a day would go by and then they would come back and renegotiate. That happened four different times.”
Rasheta would sell up to 40% of iStabilizer for $500,000
“I don't, I'd be pretty flexible though. I'm, I, I'm guessing somewhere in the 30 to 40 range.”
Rasheta: iStabilizer reaches 600,000 to 700,000 customers across all channels
“Close to six or 700,000.”
Rasheta: iStabilizer website buyers average three lifetime orders
“So on our website, it takes a customer an average of three to four days before they buy it. They've been browsing three to four days, then they'll buy their first order, and then they'll end up placing an average of three orders over their lifetime.”
Rasheta declined an AT&T order for 2,300 stores over capital constraints
“So someone like AT&T comes and says, we want the gimbal. I have to say no at this point, because I don't have the capital to manufacture the volume that they would require. Cause they have 2300 stores. So to produce that much inventory, I just don't have the c…”
Rasheta: iStabilizer is selling products in Walmart stores again
“Since then we've gone back to Walmart, so we're selling in Walmart again.”
Rasheta: iStabilizer downsized its team from five people to three
“We have actually decreased our, let's see, last time we spoke, we had five. Now I have three.”