Nadia Fisher

It's just, you know, in Switzerland, when you use notes, it's rather very small notes, like 20 to 25,000.

So you would have to raise a lot of notes and that makes it very complicated.

So that was why we went for an equity round.

I think in the aftermath, I'd rather go to the US or bigger markets and see if I can attract VCs from the start and two nodes.

Yeah, this was actually a negotiation topic.

It was funny because in the beginning we thought, okay, this is a scientific thing, right?

And so we researched and we calculated and calculated again.

And then we find out because we didn't have any experience.

We're first-time startupers.

So we realized that it was much more of a negotiation thing.

So you come out with a certain number and then, you know, angels will tell you, no, that's too high or, you know, so.

This is a little bit of a risk if you don't have any experience yet, actually.

And also it depends very much on the market.

So in Switzerland, the valuations are normally quite low.

In Europe, a little bit higher.

Well, you know, if you come out as a pre-seed, it's really hard to get anything.

Like the pre-seed valuations are like between 2 million and maybe 3 million, something like that.

Where I see when I watch now the US, you know, stuff like that can already be at 8, 10 million.

Well, we wanted to be much faster because we so we realized, OK, this is being bought by the companies.

But we knew we needed expertise from NLP and from machine learning.