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Manuel Opitz

👤 Speaker
129 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

We are not allowed in Europe just to sell any medical product.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

You need a CE mark to do so, which is like FDA approval.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

You can compare this very nicely.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

And we actually achieved this for the feet just now.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

And we will start to sell them in this month or maybe next month.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

So officially, we didn't sell any products in 2016, but only prototypes.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

But still, we got some seed funding in November.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

And since then, I think we made more than 10K.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

We have two seed investors.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

One of them is the largest, actually the largest seed investor in Europe, the high-tech Gründerfonds it's called.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

And the two of them, they provided, they have like, let's call it a standard deal.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

I'm not entitled to say exact numbers, but if you look on their website, you see what they usually offer.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

For instance, high-tech Gründerfonds alone,

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

They would offer something like 600K for 15% in convertible debt.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

But it's loan, not equity?

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

But we received slightly more because we have a side investor.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

It's a combination.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

It's a very German thing.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

It's under a million, yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 556: They 3D Printed Baby Sophia's New Foot Faster and Cheaper than Alternatives with Mecuris CEO Manuel Opitz

Yes.