Marc Rutzen
👤 SpeakerAppearances Over Time
Podcast Appearances
It's one round technically, but it was over the course of two years.
So we raised the first.
We started in November 2016, and we got our first deposit of $25K.
Over the course of the next year, we raised the first $1.2 million.
And it was gradual.
It was mostly friends and family.
And then you'd be shocked how easy it is after you actually have a product.
we were able to raise the second million like in no time at all.
Uh, I wish we would have done it differently, uh, at times, but yes, they did.
Same as it was one round.
Yeah, we capped it.
And then 20% discount and 5 million value cap on that.
Uh, we got 11 on the team right now.
Yeah, we're all in Chicago.
We're right west of the river, right by Union Station, actually.
That's good.
Mostly developers.
We've got eight developers, and then business people are doing what we do.
We're a little under 5%.
5% per month?