Hostfully

“And we interviewed 200 people, and 197 of them said yes.”

“So my first meeting was Daniel Galati, super nice guy. I went to meet with him in the Comcast offices. I totally did not do a good job without meeting with him and it's okay. I mean, it was like one of my first meetings and I actually walked out and I said, yo…”

“I don't think I'd take anything less than seven.”

“It's probably 30% right now.”

“Our burn is around 25. And our revenue is around 25. So we're basically break-even. We're within a month or two of break-even.”

“We developed a white paper last year on hospitality and vacation rentals, and we branded it, and my co-founder and I did it in like three weeks, and we've gotten 700 leads out of it”

“And our revenue went from 11,000 to now 25,000 monthly revenue.”

“Based on my experience and all the companies that we look at and invest in, that's not market. That's just not competitive with the deals that we see. A company doing 25,000 a month in revenue, you know, everything else being equal, a ten million cap is just w…”

“Well, on the hostfully side, the churn is zero. The original hostfully, there are two companies, right? On the hostfully side, the churn is zero.”

“If you can get the rest done at seven million cap or price round, then I would do it, but I'll still be the last check in.”

“So if the company is going to derail or the fundraising situations is going to derail because someone takes two months off Because they're having a baby, like, it's probably not a good company.”

“We went to the Airbnb host conference a few months later to validate this idea, and we built a prototype, and it was an iPhone app, and we said, if you had a guidebook that you could send to your guests, like a digital guidebook like this, like, would you pay …”

“No, I just don't think it's required. I don't think it's required for people to work 80 hour weeks to build a great company, and.”

“So what I would do is I'd invest two 50, As the final two 15 to two million dollar round. So you get the rest done, because I want to make sure you have that runway. If you can get the rest done at seven million cap or price round, then I would do it, but I'll…”

“It's probably 30% right now.”

“I don't think I'd take anything less than seven.”

“There are about a 100,000 of these companies in the world, and they spend about a quarter of a million dollars every year on software, so it's a twenty-five billion dollar market.”

“So we just did that about three weeks ago. And our revenue went from 11,000 to now 25,000 monthly revenue.”

“Based on my experience and all the companies that we look at and invest in, that's not market. That's just not competitive with the deals that we see. A company doing 25,000 a month in revenue, you know, everything else being equal, a ten million cap is just w…”

“I would invest at five or even six, but I don't think I'd go beyond that.”

“You really have to believe and put yourself into this mindset that you are giving people the opportunity to ride this wave with you. You're giving people the opportunity to grow their money with you. That's the mentality. So there's no like, oh, oh, we got it.…”

“Well, on the hostfully side, the churn is zero. The original hostfully, there are two companies, right? On the hostfully side, the churn is zero.”

“His typical size is two 50 for the first check. I wanted to basically get him to invest something more than two 50, and he said 300,000.”

“No, I actually think we raised more money from investors because of it.”