The Ledger
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Philippine investors demand uncommonly high equity stakes from early startups
“The ecosystem here in the Philippines is not mature enough that they would want more equity on their side.”
Revastaff takes a 50 percent cut on all photo editing jobs
“And we charge them per, per photo, per floor plan, per render. And then it's just half and half for the guys on, on the back end. So we take a commission out of that.”
Revastaff charges $1 per photo, averaging $50 per house
“So if you're a new customer, we charge you one dollar per photo, and each house is usually like 30 to 40 photos each house. So it's about, you know, 30 to 40 bucks for the photos, and then if they would want to add floor plans with that, it's 10 dollars per fl…”
Revastaff generates roughly $20k to $22k in monthly revenue
“And then plus the BA side of things because we do have supply them with virtual assistant and then the three D renders and things like that. And three D virtual tours, VR tours that we do also the editing. So it would round about 20, 22.”
Revastaff landed a new California client with 40 photographers
“Just last week, we just landed a client in California. That would, like, triple our number overnight. We have about 40 photographers in, in their system. It's serving, like, four cities, but that's pretty brand new.”
Revastaff projects about $250k in 2021 revenue
“We project about a hundred, a 250 K, but then with the new client coming in, as I said, we triple our headcount overnight.”
Revastaff serves about 2,000 of the 2M U.S. realtors
“I mean, we're just serving about 2000 realtors, and there's about two million realtors in the U.S.”
Revastaff manages roughly 20 photographers and 30 editors
“So we have about 20 photographers in the platform, and about Thirty-ish editor staff on the editor side and the drafter side, things like that.”
Revastaff grew revenue from $20k in 2018 to $120k in 2020
“We did about 20, 20 grand in revenue but we started mid of 2018, and then 2019, we doubled that 40 grand, and then 20, 20 we did about 120 K.”