Rafa Kayi
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the Spanish market is kind of tough when it comes to valuation.
And I thought it was fair and it was like smooth for us.
No, it's around 30 something for the very first two co-founders, 20 something for the third co-founder and 10% for our investor.
We're actually raising more and we have committed 70k.
It's just an extension round in order to speed up the process.
So we will be facing actually a seed round by the beginning of next year.
That's like the idea.
But to be fair, our runway right now is better than we thought it will be.
So we are not kind of needing to raise money now, but we are kind of
acting in advance in order to go faster.
So we raised 70K from friends and family.
We just want to be close at this stage with people that can add some value to the company in terms of advisory.
So we feel that is the way to go right now.
We're working with 11 companies in five countries.
So the average seeds right now, we have 15 seeds in average.
The deal sizes are different because the very first clients came when we didn't have an idea on what to charge for the service.
So we started charging very low until one day one client told us, guys, I will pay like double for this service.
So we understood that we needed to raise the pricing, but we will never raise the price to the founding clients.
So that's the commitment that we got with them.
Yeah, you are actually growing around, I would say, 20% in average month by month.