Shahed Khan

Yes.

So I would say we started off the company, my two co-founders and I. Obviously, very humble beginnings.

We lived in an apartment in San Mateo.

My co-founder, Joe, actually stayed in my room with me.

And it was basically us just bootstrapping.

In fact, we actually launched... Loom used to be...

called OpenTest, which was a completely different idea that we spent three months building, couldn't find product market fit, pivoted into a different idea, same scenario, built a product, didn't find product market fit.

And then at the very end, as we were running out of cash, we had to come up with some Hail Mary.

And that's when we realized that people were actually using the Chrome extension we had built that was mainly targeted towards user testing.

People were actually recording these videos and sending updates to their coworkers.

with the exact same extension.

So we decided to follow that path and then

launched the product in June of 2016.

And then in two and a half years, we went from zero to now 1.1 million registered users on about 21,000 companies around the world.

1.1 million registered users and on 21,000 companies around the world.

So we have video recorders, and then we also have video viewers.

So anyone who engages within the video platform, whether they're recording video, commenting on an existing video, reacting to videos with emojis, that's kind of like what we dictate our active users.

So we have around 200,000 monthly active users.

So initially, kind of going back to your initial question around how did we finance this and how did we put off putting up a paywall for about two and a half years, we did raise some venture financing.

We raised just under $14 million in total.