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Bruno Fonseca

๐Ÿ‘ค Speaker
92 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

So we need to build some trust level with these kind of agents, because for them it will be very important to represent the products that they know that will work 100%.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

So of course, the product is we are in the beginning, so we have still some things to improve.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Uh, so we need to build this kind of, uh, relation for a while and that it takes always sometimes to, to build this kind of trust.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

So we have a, our team is, is, is constituted by 10, 10 people, uh, working at full time.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Um, and basically we have two, uh, business developers, uh, responsible to, to, to have and to create that connection with, uh, with the potential channels and potential potential partners.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Exactly.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

We raised capital.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

We were the first Portuguese startup that successfully completed not just one, but three crowdfunding campaigns on Cedars.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Exactly.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

So the burn rate is of about 20k per month.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Yeah, definitely.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

We are thinking exactly to do that because this last year was a market fit.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

So our idea was to understand the traction of the product before developing a great production line or a bigger one.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Now that we have more confidence in the traction of the product, I think we will be more comfortable to increase the order and to produce more.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Not really.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Right now, the focus is to have more products like the one that we were selling, the Morstux.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

And then the second phase will be that product, because basically that product will complement the data collected by this one.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

No, we are thinking to integrate some parameters.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

Some of them I cannot talk about them right now for patent problem reasons.

SaaS Interviews with CEOs, Startups, Founders
1590 Why Farmes Are Buying This $1000 IoT Device to Increase Crop Yield

We are trying to protect some of our knowledge, of course.