Paul Powers
๐ค SpeakerAppearances Over Time
Podcast Appearances
We started off kind of a semi bootstrap at the beginning where it was kind of an experiment, but then we raised a little bit.
Then when the technology started working, we started, we raised money and we've actually raised about $2 million today.
All of that's been with high net worth individuals who are, you know, just privately invested together.
I wouldn't say that Ohio is necessarily any stronger or weaker than the average state.
What it is is that you meet somebody, they really like it, they invest, and they talk to their friends who co-invest with them on other things.
And then they talk to their friends, and it grows naturally.
As long as your company is doing well and picking up traction, that can happen.
That's kind of what we've been going through.
Also, a lot of the investors have reinvested.
So up until end of August this year, we were primarily focused on proving out all the different software applications that we had switched from IP protection to engineering.
So we had all these companies switch over, test it, test it, make sure we can integrate it.
And then also we were going through with some very, very large companies, some of the largest companies in aerospace.
etc., manufacturing metal devices and whatnot.
We were working with them on proving out the concept, going through one layer at a time, and working our way up to the C-level in each of those companies.
To do that, we said we were primarily focused on not adding on too many smaller customers at the time because our concern was, since we were so small, our support staff was our development staff.
And so we said, let's think long-term here.
So we didn't, uh, we wouldn't allow any more.
We kind of cut, we kind of kept the lead list quiet.
We kind of said, we're not going to be trying to actively sell to too many of these people until after that happens.
And then after, uh, August and September, we started, we said, okay, now we can open up the channels.