Cushion

“And so I can sit back and wait eight to 12 months, see how this develops, see the new implementations. See how the customers are responding. Really get some accurate data here and see what the real numbers are. And then I'll pay more. I'll pay double.”

“But I would like to see the lead. So I'm going to hop on the fill on the mic, and maybe it's even the Howie wagon, which is, I'm not going to pass because I've learned so much more, and I've learned that you don't pass prematurely when some of the key parts, w…”

“If the number is reasonable, the terms are reasonable, and it's a good lead investor, then I'm likely in.”

“Our business model is super simple. We take a 25% cut of the money we're recouping for our customers.”

“I don't plan on being in this bank fees product for the whole company. This is just our wedge. That's working very, very well for us.”

“We've built up a wait list of over 16,000 people. We've onboarded 3000 users. For those 3000 users, for only three banks and across only the last three months, 1.2 million dollars in fees that we found. So we fought 300,000 dollars of them. We've waived a 100,…”

“The way we're updating the product such that the message comes from the user, this can't get shut down, because essentially, the banks would be blocking their own customers.”

“Over half the round committed from folks who want to participate. Like I said, I'm negotiating with one potential lead right now, but also talking to a few other lead funds.”

“The valuation sort of range that you're talking about is very high, especially for pre-revenue.”

“That's where half our cap table is angel investors from the Twitter executive team and folks I've worked for.”

“Then why couldn't Albert do this? They probably could.”

“We only support three banks today because we built brand new technology. There's no APIs or out-of-the-box way to, like, do this, so we're having to do integrations bank by bank.”

“Just our waitlist today, if we were to monetize this, represents a million dollars in revenue. If you were just to, like, scale this out.”

“And that's why two companies tried to do this and failed because they tried to build it as a feature.”

“Whether it's six million, whether you're raising at a five million cap or a six million cap or a ten million dollar cap right now, if I have that conviction, I'm not too concerned.”

“80% of the folks who we fought fees for have gotten money back in some capacity.”

“We're currently only support three banks, Chase, American Express, and Wells Fargo.”

“I'm in if I can get comfortable with a lead and comfortable with the valuation after the show.”

“Unlike other consumer finance companies out there that are just giving you advice, we're actually doing the work.”

“For every dollar that we're fighting, we're getting 30 cents back right now, but we're being very aggressive because we're trying to train the model and figure out what works and what doesn't.”

“So I'm gonna, I'm out. And it's just because I think it's too early for me to really understand how this is going to scale.”

“So I'm here today raising 2.3 million dollars to grow Cushion By adding support for more banks, and building out our next set of products.”