This type of app or product is a recurring revenue
Post# of 40991
(Total Views: 243)
Posted On: 07/24/2018 2:04:13 PM
This type of app or product is a recurring revenue model. You can't just buy one and then it's over. This is a product that every new or used car sale will get a pitch to buy.
With the absolute maniacal focus on distracted driving, I honestly can't see a bad outcome. Maybe the take up rate is slower than expected, but he is ahead of the curve; he has a "working" product; a sales force humping everyday; and all kinds of different revenue streams - dealers, insurance companies, governments; other organizations (i.e.AAA); manufacturers. Other apps may be out there, but he is already in the door with all these outlets.
This is a slow build unless a big fish shows up to license the software like Saudi Arabia, UAE, BMW - take your pick.
Slow build yes - but it will build.
The other legs should be slow walked so that this cash cow can fund those legs. Debt is bad and dilution is worse.
Milk the Cow.
With the absolute maniacal focus on distracted driving, I honestly can't see a bad outcome. Maybe the take up rate is slower than expected, but he is ahead of the curve; he has a "working" product; a sales force humping everyday; and all kinds of different revenue streams - dealers, insurance companies, governments; other organizations (i.e.AAA); manufacturers. Other apps may be out there, but he is already in the door with all these outlets.
This is a slow build unless a big fish shows up to license the software like Saudi Arabia, UAE, BMW - take your pick.
Slow build yes - but it will build.
The other legs should be slow walked so that this cash cow can fund those legs. Debt is bad and dilution is worse.
Milk the Cow.
(2)
(0)