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George Arison

๐Ÿ‘ค Speaker
482 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And then we'll schedule a time for you to be wherever you want, whether that's your house or your office, for the car to come to you.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

Okay, very cool.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And then a car enthusiast who is basically a person who works for Shift that, you know, is a very customer-friendly, customer-focused person, he or she will get in the car at the appropriate time and drive it to you so you can then have a test drive there.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And if you want to buy the car, you'll be able to buy the car, you know, on the spot right there.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

Yeah, our designers spend a lot of time on that.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And we think it's really, really important to be very transparent with photos.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

So, and information about the car, because, you know, kind of the lack of information is always something that people are unhappy with.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And so we do make both very beautiful photos of the car and the wear and tear photos available.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And our team, you know, spends a lot of time making sure the photos are really beautiful and show the car in a good light.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

So we agree to a guaranteed minimum price with the seller, which is usually way above the trade-in price, but below the price that we're selling the car for.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And then when the car is sold for a price above the minimum, the difference between the minimum and the sale price is split between the seller and us.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

So we make money on that spread.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And the word that spread is depends on the type of car we're selling and how difficult we think it'll be to sell the car because some cars require more test drives and others require less.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And then we also make money in a couple other places.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

One is that like most marketplace businesses, we want both parties involved in the transaction to pay for the service.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

So the buyer also pays a fee for using the shift service.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

And then lastly, you know,

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

It depends on the kind of car they're buying and the price of the car.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

So it ranges from $195 to $495, depending on the value of the car.

SaaS Interviews with CEOs, Startups, Founders
EP 367: $94M Raised, Car Marketplace, 270 Employees with George Arison of Shift

Just one time?