Bitfusion
company on 1 show · 8 statements across 1 episodes · said 7 times in 1 episodes since 2016
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8 statements about Bitfusion, every show
Rama: Bitfusion could match VMware's scale if executed correctly
“We think this could be as big as VMware, if we executed right in the next few years.”
Rama: Bitfusion burns less than $100K in cash per month
“Less than a hundred K. Our budget is less than a hundred K.”
Rama: Bitfusion secured Shell and five other customers within three months
“Since we've released our product in just, like, you know, ah, three months, we basically have about half a dozen customers. Ah, customers range from, you know, ah, cloud service providers, ah, all the way up to, like, oil and gas companies like Shell.”
Rama: Bitfusion raised its seed round using free YC SAFE templates
“We just went online, downloaded what Paul Graham had, printed it, didn't, you know, didn't have to spend any big money on lawyers.”
Rama: Bitfusion closed its $1.5M seed round in just two weeks
“We basically opened our round around the first week of April. We were done in two weeks.”
Rama: Bitfusion raised approximately $1.5M in April 2015
“We raised about 1.5 million dollars, you know we actually raised last year around, you know, end of April is when we raised.”
Rama: Bitfusion co-founders skipped vesting schedules before raising capital
“Actually, in fact, when we initially signed the founders' agreement before we raised equity, ah, we didn't have an investing schedule.”
Rama: Equal co-founder equity splits prevent long-term resentment
“No, we actually did that actually, because, you know, if you think about it, right, that, I think that's the right way to do it. The reason is, ah, you don't want one person to feel that, you know, ah, that person's putting more work, but like getting less equ…”