Alex Smereczniak

to get organized and study and pick up concepts and problem solve and that on was on another level for me than it was high school even that boarding school just college teaches you how to grasp kind of more foreign abstract concepts in a way that i think is hard to do in other settings yeah teaches that a thing so when did you start franchising to other schools with this laundry deal so we

my junior year me and uh one of the guys and we were like the most gung-ho about this like we're gonna laundry forever we're gonna take this to 300 universities and we had all these models that in hindsight

Just a little nonsensical.

Yeah, models are usually going to be wrong and optimistic.

And these were very optimistic.

We're going to get to 500 schools.

We're going to get this many students at each school.

Like there was logic behind it.

But in hindsight, it's funny to think about.

Yeah, we're going to do like $150 million a year college laundry business.

That's what we're doing.

But as our junior year, we started going to other colleges and we learned very quick and very hard that government and universities have a lot of red tape and bureaucracy.

And Wake loved us doing it on Wake's campus because it's a marketing thing for them.

Look what our kids are doing.

It's a student-run business.

We have entrepreneurs here.

Soon as we went to do Chapel Hill, they're like,

where you guys fill out this request for a proposal and you're going to have three other bids you're going to be up against and you can't have access to the dorms.

And honestly, we don't even really want you here because it doesn't really add much value for us as like being of residence life and housing.

It's a liability.