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Eugene Johnson

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

So the hardware itself is, you know, you actually got the number right.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

It costs us about 500 bucks to to purchase all the hardware.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

We usually make our money back within three or four months.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

So we just have to be smart about how we deploy.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Right.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

You know, we can't deploy a thousand in a day.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

We have been backed by some venture capitalists and we do plan on raising the series pretty soon.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

but the process would be that we wouldn't use hardware money.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

I mean, we wouldn't use equity money to buy hardware.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

We would leverage some leasing deals, which we have some now.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Exactly.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Pretty much.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yeah, so most of the hardware is off the shelf.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

It doesn't look like it because of the way we set it up, but it's mostly off the shelf.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

So we have some licensing deals with Apple.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

That's what we use for our screens.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And then we have some specialized mounts that were built in China that we get shipped down.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And so we just get a lease in company that can just lease all of that equipment up front.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

We buy it, but the way the lease works is that you pay a certain amount per month.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And then at the end of the lease, you get to pay a dollar and you buy off that particular lease or you decide to send it back and get a new one.