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So we're switching gears right now to -- breakthrough at the airport question.
Which stranger drive your car -- your -- -- vacation.
The companies like car is -- enough people will to make some extra cash the company has been up and running in San Francisco for three months they launched in Boston today.
Here to tell us all about it.
Is Kevin pacifist president of like -- Kevin thanks so much for joining us.
Yeah thanks I wanna get this straight.
People take their car they drive it's the airport what you offer is basically free parking.
You may renting out their car to a total stranger.
How -- working and how was it back in time when I needed back and how do you make sure doesn't get stolen and how do you make -- cleaning gas -- -- ins and -- Sure yeah.
So basically we try to make it as much as a normal parking lot as possible so.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Then you know on the day of travel -- just -- for a lot.
You know we'll check the car and we'll check out the damage the mileage the gas and we'll take you right to the airport and are in our limo service.
Meanwhile you know we'll clean the car out for you you know outside and inside.
You know -- will fill the gas and everything and then -- rented out to somebody else -- airway you know someone that's going to be returning -- car before you come back.
And you know then -- to come back your car's going to be sitting there already to go for you.
And you know hopefully we'll have a -- so instead of walking home you know paying paying money and going home you actually get a check and -- home.
Okay have a lot of questions about this is -- successful business first -- -- had a surprise to rent a car to -- someone else's car.
Compared to if I rented from Avis or Hertz or you hire a lower.
So we're definitely cheaper and we tried a lot of Fosamax just to like free insurance free GPS and and young bunch more choices it's not just extend our -- -- type cars.
You have you know real you know on the Lauren and on the higher end you have more -- yeah but up those choices -- mean a lot of people really beat up their cars their cards looked terrible that bring him and I don't necessarily want to rent that.
I means you get nice -- this.
Yeah yeah we get we get some pretty awesome cars you know as well as cars on the on the sort of -- and we've definitely got some requirements the car can be older than 1989.
Can't have more than a 150000 miles.
And you know if it -- it's got some like major damage or are we don't -- -- rentable.
Will definitely put -- car side and they give the runner something else instead so you know we want to make sure the runner has a great experience as well OK so I believe you have beautiful Mercedes or BMW or something like that how are you gonna guarantee that it doesn't get hurt that it doesn't get stolen.
So I mean -- a comprehensive insurance policy up to one million dollars liability collision -- everything for the owner.
So you know in in case it does -- -- in case it does get stolen.
We definitely cover that 100% for the owners -- no risk.
So -- -- your co-founder right now that you guys dropped out of school or delayed school in order to start this business you were able to raise five point five million dollars.
In just a few weeks in April in order to do this.
When you think you're gonna -- I can't imagine you're making money yet because of course you just started.
How much money do you make parental how long is gonna take you to turn -- tropic that I did tell you this doesn't sound like a particularly profitable business.
So I mean definitely it's gonna take a while you know really get those costs in line and you know so will be able turn a profit.
But I mean look at companies -- -- car and took some you know twelve years to make a profit in the first year they made a profit -- only -- -- 100000 dollars.
So we're confident that on a unit basis you know for for the direct costs for transaction a will be profitable very very soon.
And long term I think we can definitely make it into profitable scalable business are right Kevin aggregate keep -- post dated -- very existing business.
Yet thanks so much for looking forward to all launching an LA coming in July glad you got -- -- thanks for coming on so here's --
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