Brendan Candon

So we take 12%, um, which is kind of in line with where eBay is in the sporting goods category.

From who though?

We take it from the seller.

So if you pay $100, we take $12 of that $100.

And so the seller receives $88.

The buyer just pays $100 plus shipping.

That's the price that the seller listed it for.

Okay.

And so during the checkout process, average shipping cost is about $5 to the buyer, would end up paying about $60, and the seller, once all is said and done, would receive about $48.

It was nothing.

I mean, even in the beginning of last year, we hadn't really built out the transaction process, so we didn't make any money for the first couple years.

When we rebuilt the site and launched the platform last year, that's when we started to make money.

Top line, we did about $400,000 in sales.

We took 12% of that, so our revenue was about just under $40,000.

So our current run rate is 240,000 for revenue.

So we're on pace to do over 2 million in sales.

In total transaction volume?

Yeah, over 2 million in total transaction volume.

Yeah, so we have about 12,000 monthly active users, so that means just come onto the platform, are socially engaged.

Kind of like a key piece of what we've built is that it's more than just transactional, which is what eBay provides for most e-commerce sites.