Steven Uster
person on 1 show · 10 statements across 1 episodes
On the record as a speaker too: Steven Uster across every show, appearances and statements → this page counts the times other people say the name.
10 statements about Steven Uster, every show
FundThrough evaluates raising $18 million to $50 million in equity capital
“I mean, we're doing some, what if scenarios actually right now about what we would do with the capital. And it could be anywhere from 18 to 50, you know, depending on where we see that use of capital and the dilution that is associated with it.”
FundThrough burns a couple hundred thousand dollars per month
“A couple of, a couple 100,000 dollars a month.”
Uster: FundThrough operates with a 100% debt advance rate
“The beauty of a model that we have right now is that we have a hundred percent advance rate. So our cost of debt is actually our total cost of capital.”
Uster: FundThrough has lowered its cost of debt to single digits
“And now we're, we finally got it into single digits and you know, we have to keep, as you say, keep driving it down.”
FundThrough was valued at about $8 million post-money in 2015
“On that first round the post money valuation was about eight million dollars.”
FundThrough has raised about $15 million in total equity
“So all in, we've raised about fifteen million dollars in equity you know, going from angel seed rounds or seed extension to a seared A and so, and that's been primarily through local Canadian VC firms and high net worth individuals sort of angels call it.”
FundThrough averaged $15 million monthly in invoice advances in 2018
“So now we're last year in 2018, we were doing about fifteen million dollars a month. In advances.”
Uster: FundThrough's First Advance Was $300,000 for a Walmart Order
“When we launched fund through the very first advance that we made Was a 300,000 dollar advance to a guy who was selling to Walmart and had never sold anything before.”
Uster: Early invoice advances were financed at 15% interest or profit shares
“At the time, the debt, well, with no track record and no history I was paying 15%. And for, at some point it was 15%, and for others, it was just a sort of a profit, it was debt, but it was a profit share of what I made by advancing that.”