George Arison

Not really, because there's a couple of things about them.

One is Vroom bought a company called Texas Direct, which is, you know, a 20 year old company or longer that is sort of the biggest seller of anything on eBay.

They sell thousands of cars on eBay and have been doing it for a very long time.

So that's a very different model than ours because there's no test drive involved and there's no sort of unique buyer consumer experience that's involved.

And they buy cars from auctions and then resell them.

So that's very similar to what a traditional dealer does.

You buy cars at auction and then you sell them.

We don't do that, obviously.

And then they also have physical kind of locations where they sell cars like traditional dealers.

So I think what Room is doing is quite interesting, but it's a very different model than ours.

They're basically building an e-commerce website for car selling and buying, whereas we're building more of a marketplace that's kind of very operationally heavy in building an alternative way of engaging a car purchase.

And the result of that is that when you look at our inventory, we have cars that are anywhere from zero to 12 years in age, whereas Vroom only has cars that are roughly zero to four years in age.

Because if there's no test drive involved, it's kind of hard to convince somebody to buy a car that's seven or eight years old.

But there's millions of people who actually can't afford to buy a brand new car

or a very new used car.

And so they're not really serving those types of customers, whereas for us, we serve everyone across the board.

We started coming in December, and so we had very, very little revenue.

No, so that's when we sold our first car, but we did a little bit of revenue stuff in 2013 as well, because I really wanted to get revenue very quickly.

So we started off by basically allowing sellers, individual sellers who were selling a car,

to get an inspection from shift.