Joe Apfelbaum
๐ค SpeakerAppearances Over Time
Podcast Appearances
They, they, they invest in dozens and dozens of companies.
They've sent us some really great leads and they're a really great partner to look at our numbers and help us figure out what we want to do strategically.
So for us, it was, it was a strategic, we didn't really need the money, but the money gave us the evaluation that may just made sense for us.
We had a $2 million top line and we had zero profit and they were willing to give us a million dollars with a great evaluation.
So we're like, okay.
And we still own majority of the company.
So it just makes sense.
Well, that would, that would basically tell you what they, what they, what you would call it.
I know that's, that's why I asked.
Yeah.
So I'm not, I'm not willing to share that, but it was a very, very good evaluation.
Because I'm, because there, there's some negotiations that I'm in the middle of doing that I can't talk about.
So, okay.
That's, that's the reason.
So are you raising another round of capital?
I'm not raising another round of capital, but I'm trying to change the structure of what we're doing.
That's why.
Makes sense.
Well, they're getting a return and they've been getting a return.
So it's, it's a profit sharing.