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Jerry Wilmink

๐Ÿ‘ค Speaker
141 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

It depends on the retailer and the distributor.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Whether it's domestic or international, obviously with some of the international deals, you have a lot more risk there.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Typically, we like to have people pay at least 30% up front on the large POs.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Then we basically collect along the way as the product goes out because it's

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Like you said, there is risk.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

No, it varies because each distributor, you know, each distributor, you know, we sell to a distributor at obviously not retail price.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

We're probably around.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

I mean, I'll look at the numbers right here.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Yeah, yeah, yeah, you guys are fun.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Yeah, no, this is, well, I mean, part of this, too, is obviously private information for investors and things, too.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

That's why it's a little.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Uh, I bootstrapped initially, uh, raised a friends and family round for 1.1 million and we're closing out another 5 million now.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

So we've raised a little over 5 million to date.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Uh, we did another note and then we're doing an equity raise now for 10.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

And you're doing another 10 right now.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Raising another 10 now.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

And that's our first big equity raise.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

You know, and part of what we're doing is since we're at, you know, the intersection of brand, fashion, retail, it's not a traditional tech play.

SaaS Interviews with CEOs, Startups, Founders
EP 451: 5000 Smart Jewelry Units Sold, $5.1M Raised with WiseWear CEO Jerry Wilmink

You know, so a lot of the groups that, you know, I've met with some of the high tier, you