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George Arison

๐Ÿ‘ค Speaker
482 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

So that was about a year and two quarters ago.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

I don't think I can get that answer, but it's way more than we need to finance where the business is today.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Because one of the crucial things you're kind of managing for in this industry is time to sell.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Because you have a depreciating asset, right?

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

And so you don't actually want to have too much inventory on hand at any given time because you want to move your inventory quickly.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Um, it varies, uh, between low and 30 days, high end 55 days.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Okay.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

It depends on the type of inventory we're dealing with.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

The more expensive cars take longer to sell.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Um, versus the cheaper cars, value cars, actually.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Um, I don't know what Carvan is right now, but when, when they went public, I think it was 120 days.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Oh, wow.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

It was definitely, definitely shorter than their IPO.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Cause I think it's unfair to compare us to them now.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Cause they've just had, you know, hundreds of millions of dollars of marketing since then.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Uh, and so it's like,

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

what that timeline might be now is very different.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

But at IPO time, I think it's a fair comparison.

SaaS Interviews with CEOs, Startups, Founders
1698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?

Yeah, we were planning on going out in the next month or so, basically, to start the funding process.