Josh Merriman

Um, I do not know.

Okay, cool.

Any plans to raise more capital to keep fooling growth or no?

Yeah.

I mean, we're looking to do our seed round sometime at the end of this year, 2020 or early 2020 or not 2020, geez, 2022, early 2022, probably more realistically.

Um, you know, for us, we're growing consistently, you know, about a thousand dollars in new MRR each month.

So a new round is really just money in the bank.

We can start competing with our competitors at the advertising level and really try and jump our conversion rates at that first initial touch point from 15% of people that search to get into like 45, 50%.

So that's really where that money would go.

So for us, it's not an absolute need to grow.

It's just a matter of can we grow faster with the cash on hand?

How much cash is on hand?

Right now we have probably just over...

hundred thousand dollars in cash on hand.

Does that make you guys nervous?

Um, not really because we're making, you know, about 15 K a month and we have a really low burn rate.

You know, most of our staff, you know, honestly, most of our staff are college interns that are either working as, you know, for free because only working a less than like 20 hours a week.

Our paid staff, there's only two or three people that are really paid.

And then our co-founders all aren't taking any money right now.

So it's like seven people total, but that are full-time and really three are paid.