Salad
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16 statements about Salad, every show
Miles: Salad targets $60M-$70M pre-money valuation at $5M run rate
“So five million dollar run rate. We've actually, we've got verbal terms. They're not where I want it to be. I want it to be at 60 or 70 pre-money.”
Miles: Salad has sold roughly 30% to 40% of its equity
“Yeah, I'd have to check out Carter. But that would be around, around the mark, plus or minus, I'd say, Nathan.”
Miles: Salad co-founder left after 18 months due to lack of PMF
“So I did actually bring in a co-founder management consulting about from a management consulting background about six to 18 months in, 16 to 18 months in, we realized we are struggling to find product market fit. We need to be more lean. And so that co-founder…”
Miles: Salad raised its seed round at a $12M pre-money valuation
“Well, 12 was pretty money. 12, 12, twelve million, pretty money.”
Miles: Salad has generated over $3M in year-to-date revenue
“Top line revenue is closer to well, year to date a little over three. So, so three, three and a half.”
Miles: Salad mines 6 to 12 different protocols
“Well, we, so we mine, Half a dozen to a dozen different protocols.”
Miles: Salad has 20,000 daily active compute suppliers
“So, so right now, users are our suppliers 20,000 daily active but they're not customers, right? They're suppliers.”
Miles: Salad retains over $2M cash on balance sheet
“We still have more than two on the balance sheet.”
Miles: Salad raised a $3.2M seed plus round in late 2020
“We raised our C plus this time last year. We raised 3.2 million.”
Miles: 18% of Salad's outstanding balance is inactive for six-plus months
“18% of the balance outstanding belongs to people who have not logged in in six months or more.”
Miles: Salad is being sued over website accessibility standards
“We're actually getting sued for accessibility on our website. So we've had to bring our website into spec.”
Miles: Salad captures a 23% average margin across storefront rewards
“So on average, net, netted out across all the different rewards were at 23%,”
Miles: Salad's compute costs one-fifth of AWS spot instances
“The cost of our compute is around one fifth, again, per teraflop per hour of an AWS spot instance.”
Miles: Salad has tens of thousands of nodes on its network
“You know, the tens of thousands of nodes on the network right now, we are the custodians for all the value.”