Giovanni Smith
- Co-Founder and COO at Subskryb
GetLatka interview
How Subskryb Hit $24K ARR with a Subscription Vehicle Platform in Toronto (Interview with Co-Founder Giovanni Smith)
Giovanni Smith (Co-Founder and COO of Subskryb) spoke to Nathan Latka on May 26, 2022.
Subskryb figures from the interview
- ARR (2022)
- $24K
- Average Transaction Value (2022)
- $500
- Active Renters (April 2022)
- 20
- Cars on Platform (April 2022)
- 30+
- Team Size (2022)
- 2
“What we've done is create a service that, you know, forget about long term commitments, you know, forget about your rental, you know, for a day or two, You can jump into a car for a week on a weekly model or a monthly model. Therefore, having access to a variety of vehicles and not having that long term commitment, but still having access to proper nice cars.”
“Turo has, like, a marketplace where people can control the prices and the customer experience is not not the best. Right? So and when there's a issue or problem on on the platform for Turo, you know, you're you're really left on your own to really figure it out.”
“What we what we do is we show them a potential on earnings. Right? That's one way. And also, we show them in terms of the ease of use of our technology and how would they how Subskryb makes their lives better in terms of giving us the asset, we manage the asset, sit back, and leave it up to us for a period of time for us to manage and market the asset.”
Bio
Born and grew up Jamaica. Studied Architecture. Moved to Canada in 2008. Started as an estimator in construction 2010 and became a leader in 2013. Oversaw multimillion projects and lead a team of 50+ persons in & outside the office. During my career I have always tried different ventures to earn and grow. From car shows, events, small businesses and side gigs. Started on Turo 2018. Then with my business partner we created Subskryb November 2020.