Adam Jackson
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's a very, very capital efficient platform, right?
Because most of the people contributing are actually doing so in exchange for tokens, right?
If you're going to build a user-owned network, like get your users involved early.
And so it's a very, very low burn operation.
That's why it's already profitable on the 6 million we raised two years ago.
Oh, mostly onboarding, right?
So so if you're gonna bring Nestle or Porsche or even NASA, we just signed a couple months ago.
these guys don't self-serve, right?
Like you need operations people to bring, you got to get through procurement, legal.
So it's, we only have eight full-time employees, mind you.
Most of the work being done is being done by engineers and designers and people on the platform.
Even all our marketing is done by freelancers on the platform.
But it's so like our OpEx internally, it's mostly ops operations.
Yeah, we burn about $85,000 a month right now.
We'll be profitable on the seed round.
So our burn will become zero.
We'll generate cash probably March, April of next year.
Some of them do.
Some of them don't.
it's a funny, like, and you know, look, look, you can't use a fake internet tokens to pay rent and buy food.