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Anoop Naik

๐Ÿ‘ค Speaker
164 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

The cap table of all the people is not given out.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Yes.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

See, as I've already told you, we have given out about 14%, right?

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So let's say the remaining equity is divided among us and I have 10% more than others put together.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Yes.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Okay.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Be diluted.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

True.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So we are planning to raise the capital as we expand.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

See, we have a very, very small business in Africa.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

As we expand geographies, we will need more capital to onboard more customers.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So we are going to raise the capital by end of the year.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

That will either be pre-series A or series A kind of a deal based on the growth that we are showing this year.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So we are supposed to grow about 4X on the revenue side.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

We have closed the year

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

just short of a million dollars, right?

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So this year, the projection is we are supposed to hit around $4 million.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So once we do that, or once we are on the roadmap to do that, we are planning to raise the capital.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Steve Jobs.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So I follow Elon Musk.