Gemist

“Before Series A, we'd like to be somewhere between five and seven million in ARR.”

“Madeline walked out of the pitch room with a 150,000 in commitments from Mark and Neil.”

“No, no, it has margins. It's like a wholesale. So it has at least 50 to 70% margins.”

“Well, I still have over 50%.”

“We did a pre-seed and a seed round. So we did a million in our pre-seed and three million in our seed.”

“We did convertible note for the pre-seed, I believe six million cap, and then seed round was 3,000,011 and a half post, and this one is 15 and a half post.”

“Clean 10 posts with, like, good founder ownership, I would have put in a hundred K.”

“They already technically have a version and hasn't changed in 10 years.”

“And we've built a 30 plus brand waitlist that has Contract value of over three million.”

“So right now it's being led by Entrada Ventures. We have two million committed, and we're kind of looking to fill that last one million in the next few months here as we get this off the ground.”

“And so with zero dollars in marketing spend and me as our sales team, we've been able to sign four large jewelry brands just in Q one of this year at an annual contract value of over 500 K.”

“MRR is about 50 K a month just because we haven't, the brands are going live now, right? So I'm dealing with mainly implementation fees and some licensing.”

“So right now it's being led by Entrada Ventures. We have two million committed and we're kind of looking to fill that last one million in the next few months here as we get this off the ground.”

“And with them, we do a monthly licensing fee that's around a thousand dollars a month, and then we pair that with a transaction percentage on anything sold through the Gemist experiences, and that usually ranges between three and 10%, depending on how big the …”

“And we've built a 30 plus brand waitlist that has Contract value of over three million.”

“Well, no, because they're, they already technically have a version and hasn't changed in 10 years.”

“Yeah, so MRR is about 50 K a month just because we haven't, the brands are going live now, right? So I'm dealing with mainly implementation fees and some licensing. Transaction fees haven't hit yet.”

“We did convertible note for the pre-seed, I believe six million cap, and then seed round was 3,000,011 and a half post, and this one is 15 and a half post.”

“Clean 10 post with, like, good founder ownership, I would have put in a hundred K.”

“I got pretty close on this one, but I think I'm out. I was just doing some math on the cap table here, and I just I worry about what it's, to me, there's one simple fix, which is to give you and your founder more equity in the A, which will come out of the poc…”

“And so with zero dollars in marketing spend and me as our sales team, we've been able to sign four large jewelry brands just in Q one of this year at an annual contract value of over 500 K.”

“Well, I still have over 50%.”

“You know, I think that that's a little bit short-sighted in my mind, right? Not really talking through that or having enough time to sit down with them and sort of say, hey, let's, let's think about what this could look like in the future.”

“They are super down to throw down cash, right? So we start with implementation fees anywhere between 30 and 75 K, And then we do a higher licensing fee based off of SKUs. And right now we're looking at an average annual contract value around a hundred K.”

“So we got 300,000 from Neil. That's 250 K from Mark puts you at 550,000. You've got a 100,000 coming from the pitch fund. That puts you at 650,000 dollars, which is I think the biggest investment we've ever had on the show.”