Everything Capella Kerst said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kerst: Gecko Materials raised an $8M seed round at a $26M valuation
“A pre-money evaluation of twenty six million for an eight million dollar round is what we landed at.”
Kerst: Gecko Materials cut adhesive production time from 48 hours to 15 minutes
“It would take over 48 hours to make one unit. Because of the invention and my patent, we can make it in under 15 minutes.”
Kerst: Gecko Materials deploys on the ISS and lands major enterprise clients
“We're currently on the International Space Station. Honda, Ford, Toyota, GE, Intel, Hyundai are just to name a few of our seven of our customers here on Earth.”
Kerst: Gecko Materials counts Honda, Ford, Toyota, GE, Intel, and Hyundai as customers
“Honda, Ford, Toyota, GE, Intel, Hyundai are just to name a few of our seven of our customers here on Earth.”
Kerst: Gecko Materials is on the ISS and under paid Space Force contract
“We've completed two Air Force and Space Force contracts, and we are on the International Space Station, and we're actually in now a standalone, it's not a grant, it's actually a contract in which they're paying with the Space Force right now.”
Kerst: Gecko Materials will reach 88% profit margins within two years
“In the next two years, we'll be at 88% profit margins.”
Kerst: Gecko Materials will reach $80M ARR within five years
“So we are two X-ing our revenue this year, 3.8 X-ing the following year. And then end of five years, we will be ARR of eighty million. And that is based solely upon our current paying customers only and their LOIs that are located in the data room.”
Kerst: Gecko Materials did $727k in 2023 revenue and is on track to double it in 2024
“We did 727,000 in revenue last year in 23, and we're on track to doubling it this year.”
Kerst: Gecko Materials is raising $8M with strategic follow-on capital secured
“We're currently raising an eight million round. We are searching for a lead investor, minimum check size, one million. We have enough follow on from CVCs and other strategics to complete the round.”
Kerst: Gecko Materials pays Stanford 1% equity and 2.5% royalties
“So the GECO materials is one percent equity, 2.5% royalties.”
Kerst: Gecko Materials raised $2M pre-seed at $26M cap plus $775k grants
“We did a two million pre-seed in twenty-twenty-one with a cap of twenty-six million. And then we did 775,000 in non-dilutive grants.”
Kerst: Gecko Materials is currently 10x the price of Command Strips by area
“Well, actually right now it is only 10 times more expensive than command strips if you're doing area per string.”
Kerst: Gecko Materials is working with the US Navy on underwater gripping
“So there is applications that we're working with the Navy in that sense, in which you are going to have a gripper that's obviously not on string.”