Everything Kate Bradley-Chernis said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lately's AI is Trained on Founder Kate Bradley-Chernis's Writing Rules
“So the way Lely's AI works is it first learns from me. I've written thousands of radio scripts and fiction writing major, and it learns from my best practices, which I've listed out for my whole team to Replicate. And so the AI gives us what we need, and then …”
Bradley-Chernis: Managing Facebook and LinkedIn integrations absorbed 75% of Lately's resources
“And that actually, 75% of my headache as far as resources go, is just dealing with Facebook and LinkedIn and all their bullshit, right? And I didn't understand that Lately could actually function and live without that, so it could be an extension of all the ot…”
Bradley-Chernis: Lately maintains 98% sales conversion despite high churn
“Like I've, I still have that 98% sales conversion. I still have that shit, right? Thank God. That's the AI doing his job. But I have a leaky bucket.”
Bradley-Chernis: Lately currently has 358 paying customers
“So we have 358 customers.”
Bradley-Chernis: Lately MRR is $79k, Down from $94k Peak
“MRR is at 79,000. We were up to 94 and we dropped.”
Bradley-Chernis: Lately Has Raised $3.3M in Total Capital
“So actually, actually I've raised 3.3000000 now.”
Bradley-Chernis: Lately has 18 months of runway on $48K burn
“Oh yeah, I have 18 months right now worth of runway, and that's in part, basically my burn is about 48,000, so every 50 K gives me three months.”
Bradley-Chernis: Lately is raising just under $700K on $10M cap
“I was raising two 50 and I got oversubscribed. So we're now at five 35, six, just under 700.”
Bradley-Chernis: Founder owns around 38% equity in Lately
“Low, actually. I need to be re-optioned, so I'm around 38%, I believe.”
Bradley-Chernis: Lately cap table has roughly 65 angel investors
“So I've raised multiple rounds, but all between 250,750, all angel rounds, and I have a lot of, I mean, my cap table is messy. There's probably 65 people in it.”
Bradley-Chernis Details Lately's Initial 60-20-15-5 Co-Founder Equity Split
“When we first started, it was I'm eight. No, sorry. Steve, 20. I do math backwards. Jason, 15. Brian, five. And then I'm the rest. So that's the ratios.”
Bradley-Chernis: Lately was invited to Stage 2 Capital accelerator without applying
“He led the first ever accelerator from stage two capital this summer. 700 companies were applying. We didn't apply. They just actually asked us to be a part of it, which is great.”
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