Pratyush Rai
๐ค SpeakerAppearances Over Time
Podcast Appearances
So a design partner is a partner for us, which helps us build a better product.
And we are sort of customizing our way.
Sorry, I think I should just clarify.
It is $5, so it's $100 per month revenue.
And how much we spend building our MVP?
I think if I'm getting the number correctly, we spend somewhere about $15,000 to $20,000 in the last three to four odd months on our product part.
On our company expenses, there have been some fixed expenses like laptops and all, but otherwise we spend a very, very small amount of money building our MVP.
We raised some money from one PC fund in India and some angel investors.
And how much did you raise?
We ended up raising to the north of $900,000, somewhere to the north of that.
So we started off doing our early work as a bootstrap company, but then we realized that there are certain very good investors in our market who are very aligned with us.
with this vision.
And what we wanted to do was we wanted to experiment on certain aspects of our product in a much more robust way.
So we thought that some capital in the bank can actually help us have that peace of mind of putting in those experimentations.
And that has actually turned out very well.
Our fourth MVP was Google Sheet Integration.
Right now, our MVP is pretty well designed in terms of our UI, UX, and that expense we could not have made as a bootstart company because our savings together would have not... How much equity did you have to sell for the $900K?
I don't think... I think the final equity was somewhere between 13% or 14% odd, I think.
Yeah.
One, one, four, not four.