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Charles Yeomans

๐Ÿ‘ค Speaker
135 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Okay.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

What platform did you use to do that?

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

StartEngine.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

It was a cap on a convertible note, and the cap was 10.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Yeah, we are.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

We're approaching a point at which we're really going to ramp.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

And so the thing is, think of it this way.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

If one satellite company, and we have a big satellite company, is late stage of incorporating it, once they deploy, then satellite data bandwidth is a commodity.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

if one provider is providing satellite bandwidth at price x uh minus and well everybody is at price x and they're at x minus 10 say then boom everybody else has to use it or they're way behind because we are the same thing as launching a bunch of new satellites

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

So it's a big time dramatic effect of when you're talking about a commodity, think about selling West Texas intermediate crude, everybody sells it for price, whatever the price is.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

But if suddenly somebody sells it for $20 less a barrel, then everybody will buy that.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Accredited private investors, wealthy individuals, that sort of thing.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Most of them were okay with it.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

I would say they were all okay with it.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

I think they were fascinated because it's such a new thing and people aren't used to it and all that.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

So I would say that overall, everyone was very supportive.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Let's see.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Well, we're really in POC mode with all of them right now, including Department of Defense.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Some are paid.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS Raised $2.4m Crowdfunding at $10m Valuation

Let's see.