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Naeem Zafar

๐Ÿ‘ค Speaker
231 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

They have to be intrinsically safe so you can't blow up in a silo.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So a lot of advanced technology goes into those things.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So that's why for tall silos, we have a different product.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Because tall silos, you can hang temperature cables which go all the way up and down.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

We sense those cables and we start transmitting data wirelessly.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

In shorter things, you can hang these things.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So these things, I assure you, they're ideal for ground piles, shallow storage, barge, or rail cars.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So for three-story tall, we have a slightly different technology, which I don't have to show you, but it's a box which directly sends the data.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

No, we are going to be raising this year about 15 million.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Okay.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Because our mathematical calculation tells us that will take us to profitability.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Okay.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So it comes out of financial model.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Well, it will dilute us.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

That's okay.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Minimize dilution is by creating the company value higher and higher.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So when you raise last time, the company value was this much.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

This time, I'm hoping the company value will be this much.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So dilution will be maybe 20%, maybe 25%, and not 50%.