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Tim Ray

๐Ÿ‘ค Speaker
160 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

You know, these, a couple of young entrepreneurs in San Francisco, you know, had this really good idea.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

It's really comparable to man crates.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

If you're familiar with that concept.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

I'm not.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So it's basically curated gift crates for guys.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So really premium curated gifts.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So everything from like the ultimate safety razor shape kit to the ultimate like hot sauce kit, all in a really cool packaging.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Basically, you know, curating like a half a dozen or so different branded products into one kit to make your own product.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

You know what I mean?

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So what did you buy that for?

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So I bought it on a inventory plus earn out basis.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So the idea was that my sunk costs were existing inventory and scaling that inventory and then basically splitting gross profit until we reach a certain dollar figure.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Yeah, so it's $150,000 buy price is what I bought it for, which we're in the process of, you know, paying that out over the course of scaling the company.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So they had about 30,000 in inventory that I bought.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

And then we've expanded that, you know, the difference between this brocade business versus carnivore club is, you know, carnivore club and the subscription model is really a just in time inventory.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

We're really not having to front any inventory costs.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Versus brocade.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

It's traditionally commerce where, you know, you're creating these products, you're housing inventory and it's very capital intensive.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

No, it's just it's literally just it's a single transaction website.