Luis Perez, Remoov - We’re Removing That Headache And We’re Giving You That Piece Of Mind And Your Space Back | #232

The Meb Faber Show - Better Investing

The Idea Farm

Investing, Management, Business

4.8 • 978 Ratings

🗓️ 29 June 2020

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 232 we welcome our guest, Luis Perez, Founder of Remoov. In today’s episode, we’re getting organized. We’re talking about taking the work off your hands of removing all of that unwanted clutter. We discuss the idea that was prompted by the observation of inefficiency in the college move-in, move-out process. Luis took it upon himself to store outgoing students’ items over the summer, and sell them to incoming students in the fall. He found a market and traction, and today he’s running and growing this model with Remoov. We discuss operations and trying to find efficiency in this capital intensive business through technology and innovative processes. We get into the logistics of entering new markets and targeting demographics such as baby-boomers that are likely to be downsizing. We talk about how the COVID pandemic has impacted the business, and the ‘on-your-feet’ thinking that led to Remoov opportunistically connecting with downsizing businesses. All this and more in episode 232 with Luis Perez. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb favor Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambry's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion
0:31.1	of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.7	Welcome, podcast friends.
0:40.7	We've got another great show for you today with arguably one of my favorite
0:44.2	startup ideas today.
0:46.3	Our guest is the founder of Remove, a startup offering full service removal of your unwanted
0:51.2	items so you can sell them, donate them, or recycle your
0:54.9	clutter saving you time, money and space. In today's episode we're getting
0:59.5	organized. We're talking about taking the work off your hands by removing all that unwanted clutter.
1:05.0	We discuss the company's origin story with the old college move-in, move-out process.
1:10.0	Our guest took it upon himself to store outgoing students' items over the summer and sell them back to the students in the fall.
1:15.5	He found a market and traction and today he's running and growing his model with remove.
1:20.5	We discuss operations and trying to find efficiency in this very capital-intensive business through tech.
1:26.0	We get in the logistics of entering new markets, targeting demographics such as baby boomers that are likely to be downsizing, estate sales, and of course divorces.
1:35.3	We also touch on some big sales like cars and million dollar paintings and some really
	...

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