4.6 • 683 Ratings
🗓️ 19 December 2019
⏱️ 12 minutes
🧾️ Download transcript
Launched in 2016, Rheaply Asset Exchange Manager is the easiest way that professionals share resources with anyone in their industry. By connecting leading research institutions, Fortune 500 companies, startups, school systems, nonprofits, and organizations in between, Rheaply is creating a shared economy for innovation.
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0:00.0 | went to consulting and then said you know what i'm going to do this thing myself i'm a launch |
0:02.9 | repley helps companies help school systems anyone with assets helps them manage it and trade easier |
0:07.8 | basically make more money on these be more efficient they launched uh again 2015 now 14 |
0:12.4 | customers doing about 16 grand a month in revenue five team members in chicago 540 grand raise |
0:17.7 | hoping to raise another 1.5 million on a maybe six pre-sell, call it 12% of |
0:21.7 | the company, too early to talk about metrics like churn, cack, revenue and, and things like that. |
0:26.2 | But again, healthy growth right out of the bat. |
0:29.3 | Hello, everyone. |
0:29.7 | My guest today is Gary Cooper. |
0:31.7 | He launched his company in 2016 called Reapley, an asset exchange manager. |
0:36.8 | It's the easiest way for professionals, |
0:38.5 | for professionals to share resources with anyone in their industry. By connecting leading |
0:42.8 | research institutions, Fortune 500 companies, startup school systems, nonprofits, and |
0:47.5 | organizations in between, Reapley is creating a shared economy for innovation. Gary, are you |
0:53.5 | ready to take us to the top? |
0:55.0 | Yes, sir. All right. So tell us what the company does and what your business model is. How do you |
0:59.6 | make money? Yeah, so basically we developed, we think we're changing a category, starting a category |
1:06.9 | called asset exchange manager, which is basically a manager between an asset management |
1:11.2 | system and an online marketplace. |
1:13.4 | And the way that we make money is we sell this asset exchange manager, AXM, to primarily |
1:19.1 | right now to organizations that do research. |
1:21.9 | They pay us a subscription monthly for its use. |
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