Max Pechersky

So now this is about 6K.

However, during the first half of the year, 2016, we made another pivot.

We pivoted in terms of market, in terms of product, and we're building pretty many things in terms of R&D.

At the moment, 600, 400 from our previous stage.

Those are owners of small businesses in Europe.

And we managed to onboard approximately 200

marketing freelancers from US.

Yeah, but really differently.

We managed to hire prices on US market a lot and also create additional value for freelancers.

So those guys, owners of small businesses in Europe are still paying 12 to 20 bucks a month.

However, in the US, our package starts with $50.

And the first payments were sold for 200.

So our last round was 500,000 euro.

In total, it is now like approximately 650, 700 euro for the whole period of our existence.

That's quite an interesting model that we had.

It was partly on convertible capital loan.

And the other part is capital from Finnish state fund that supports the startups and co-invests together with private capital.

So convertible capital loan is clear.

Those guys from Finnish state agency, it is both a grant and a soft loan that can be converted in grants in future or can be paid back if everything goes well.

Okay, so we've dived into the churn thing quite deep.