Zeb Evans
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think it got down to a couple of grand, but we turned it around and we became net positive.
I believe so.
I'm not the numbers person, Nathan.
I'm the product marketing person.
I still was more... Look, when I realized we had 25 grand in the bank account, I realized we had 25... That was the first time I realized it.
I should have been thinking about that six months ahead.
How much are we burning?
And that was after we cut down a shit ton of our expenses.
Before, we were spending much more.
I think we were spending 100 grand a month.
And we started cutting things down within like 30 days because I was like, shit, we're running out of money.
So yeah, I honestly haven't really been that numbers person.
Our Series A was $200 million.
Exactly.
And a little trick, convertible notes is a really great way with the cap to invest in your own company if you ever want to invest in your own company.
Well, so I put in a cap at $5 million.
So essentially, I was investing at a $5 million valuation.
And then when we invested at $200 million, your notes convert at that same... I mean, I got another 30% or 40% of the company.
Well, you normally, you know, if you get, and this was several years ago where 5 million wasn't out of the ballpark.
I mean, now 5 million is very low for convertible note cap.