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Michael Kaplan

๐Ÿ‘ค Speaker
217 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

So in the very beginning stages, it was all funded by the Bank of Michael.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

And that was fine for a while.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

But how much did you put in?

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

I put in around 20K of my own.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

And then we just closed on our first.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

It's a very small amount.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

It's under 50K with our first investor.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

So I like to call it our seedling round.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

And that's helping us also to get most of the first version of the software out.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

done for us.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

But really long-term plan is to do another round, probably mid 17 for around 2 million.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

Right.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

So that's, that's where you have to kind of put it all in perspective.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

Right now that 2015 dam market was around 1.4 billion.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

It's expected to grow up to about seven and a half billion by 2024.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

And,

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

So we're looking at very large potential.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

What we're doing is we're coming into the corporate client, into the government client, and we're saying to them, you're sitting on an asset.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

Now, the reason it's an asset is because like any other asset, it can be valued, it can be insured, it can be put on a balance sheet.

SaaS Interviews with CEOs, Startups, Founders
EP 599: Taivaco Helps Brands FInd Old Offline Content to Digitize and Annotate With $50K Raised, CEO Michael Kaplan

They came to us and said, hey, we have original media that we own.