Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

💰 Meet the Drapers: Dario Cardile reveals talks revenue 💰

17 Feb 2024 · 1 min

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0:37

In a brief interview, Speaker A asks Speaker B to clarify the source of a reported $400,000 revenue figure. Speaker B explains that the revenue comes entirely from a commission-based model, where commissions are paid by both buyers and sellers, unlike the U.S. system where typically only one agent represents the buyer. When asked how many commissions the $400K represents, Speaker B states that it reflects 46 separate commissions, indicating a sizable volume of transactions. The exchange highlights the structure of the revenue model and the scale of activity behind the figure.

So this revenue, the $400,000 in revenue, is that for title insurance or is that for something else?
No, it's purely commission. We are commission-based model, so we pay a commission for buyer and seller. Unlike the US, you have one agent buyer.
And that $400K in revenue, is that one commission or 10 commissions? How many?
46.
46 commissions? Correct. We did. So you are, you are off to the races.
When you watch on telly, you always think they fast-track him. And they add the speed to 2 or 3. In that case, they didn't speak that fast and think that fast.