4.6 • 683 Ratings
🗓️ 21 April 2022
⏱️ 21 minutes
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We enable construction workflow automation
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0:00.0 | Now, if you have 15 customers paying $2,000 a month, this is just on the software side. |
0:04.1 | That would put your monthly recurring revenue about $30,000. |
0:06.4 | You mentioned earlier your gross margin profile is 50-50, right? |
0:09.4 | So assuming the margin profile on software is 80, 85%. |
0:12.8 | That means on the rental side of the business, you're doing somewhere around, call it $700,000,000, |
0:17.0 | and a run rate today in terms of new rentals per month. |
0:19.2 | Is that about accurate? I mean, it's an average number there. And I said the target split is 50-50. |
0:27.6 | You are listening to conversations with Nathan Latka, where I sit down and interview the |
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1:00.6 | Hey folks, my guest today is Benedict Iker. |
1:02.7 | He's building flexcavo.de, a construction consulting business coming from a family business |
1:08.3 | in construction. |
1:09.1 | He moved into consulting at McKinsey after his bachelor's and masters, now applying the vision of an able, intelligent construction using |
1:16.0 | flexcavo. Benedict, you ready to take us to the top? Yes, sure. I mean, if you start a company, |
1:23.0 | you always want to disrupt in a certain industry. And you already said it. My short pitch is always |
1:27.8 | construction, consulting constructions are born and raised in a construction family. I was eager |
1:32.1 | to go back into that industry when I'm very passionate about to shake things up a bit. |
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