Isaac Hayes III
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's the thing.
It was just they wanted to come on board and be part of the platform.
So I allowed them to do that.
I mean, the only other capital that we raised at StartEngine was just StartEngine.
It was just myself, Romero and his team, and then we went to StartEngine.
We raised about 3.4, almost $3.5 million, right at $3.5 million at a $20 million valuation.
So that's about 15% of the company.
You're saying 20 million pre-money.
Post-money is 23.5.
Probably about 20, maybe more even with development.
I have a senior team of executives that work on a bunch of different things, especially onboarding and marketing.
We have sports and music, so there's a lot of verticals to the platform that require a lot in building some of this technology.
You have to have the right personnel that helps you scale in those different areas.
um the executive team is pretty robust and even on the um the uh marketing and um the metric side our data and analytics so yeah so 20 people how many are engineers probably half you know about half about 10 engineers and then flash out one other story for me we haven't talked about how you guys make money
So Fanbase takes 20% of all the revenue that comes through.
So it goes through in-app purchases through the Apple app store.
So for every dollar, you know, Apple and Google take 30 cents.
We take 20 and we pass 50 on to the user.
And that can be a lot of revenue as you scale up with users.
I don't know right off the top hand because we're rolling right into the end of the year, but not off top.