Nathan Latka

Are you planning to increase the quota for the current sales team?

Okay.

So you mentioned a fundraiser.

How much have you raised to date?

When did you raise the 900,000?

Okay, so that was your seed, call it your pre-seed round.

Most folks are selling, you know, 20% of their company in a pre-seed round.

Were you in that same area?

Okay, so sorry, 900,000 raised on like a 9 million post money, something like that.

And you still own, are you the only founder?

Okay, so two co-founders each own 80%, well, they own 80% together right now.

Now, did you guys split the company evenly at the start or did you get more because it was your idea?

Okay, so investors today own 20%, no ESOP pool?

Okay, and you're raising today, you said you're targeting three, how much?

And what valuation are you hoping to hit?

The trickier part is you're doing $350,000 a year in revenue.

A $20 million valuation represents a 57x multiple, which is a very high multiple.

So how do you get there?

What do you need the money for?

Why is this so expensive to build?