Ida Tin

When you did your first priced round at a pre-revenue company, help us understand how you negotiated valuation.

Yeah, that's I mean, I think that's a tricky thing to do, no matter how much revenue or whatever you have.

I mean, when you look at the tech community, that's, you know, valuations are not set by revenue.

So

Yeah, I don't know.

That's a negotiation.

Why do you say that valuations aren't sent by revenue?

I mean, you know, in the SaaS space, my last company, you know, when we were raising capital, I mean, there was a pretty baseline formula in terms of software as a service revenue, top line, multiply times the, you know, 12 months, multiply times like a 6 to 11x, like top line multiple.

That's true.

But then some of the very big ones like, you know, LinkedIn or Facebook or Twitter or Instagram and all the other ones, you know, those valuations, I don't think you can say it's based on revenue.

Well, so again, help us understand those conversations.

When you were negotiating revenue, I mean, what metrics did you use to try and drive your valuation higher if that was your goal?

Yeah, sure.

It was our goal.

Well, to be honest, you know, they'll say number, we'll say number, and you'll argue with all the things you can think of working with.

And in the end, you end up some number.

And is that number like a truth or an objective number?

Definitely not.

Well, how many users, this might be a better question.

How many users did you have of the app when you did your Series A?