Locker

“So I put 250,000 of my own money into the company to get it to our first 10,000 users. Then I raised a million from an angel investor who was a user of the platform in June of twenty-twenty-two.”

“I think it's going to be difficult to raise three million dollars. I mean, not impossible. I mean, I've seen crazier things happen, but in this market environment, based on where you are raising three on a 10 or 15 is going to be tough.”

“And so we are raising three million dollars to invest in the people and the product that will continue to capture the one trillion dollar online shopping market.”

“If she came in and was like, I'm raising a million on six or seven million cap, and we are going to get to half a million users, and here's how we're going to do it, and she had that conviction, I would be more inclined.”

“So we turned on monetization three months ago, and in those last three months we've generated 300 K in GMV.”

“Once you capture a user and now that's their memory bank of all the things that they want to buy to then have them switch over to a different platform, it's, I've got all of my favorite things that I shop in there. So now you have a hundred links, like, It wou…”

“Our 40,000 users have organically saved over one million products to the platform,”

“Yeah, so we have 2000 daily active users. We're at 11,000 monthly active users, and of those users, the engagement we know is that they come to the platform and spend an average of 30 minutes a day, whether they're browsing the Discover feed, their own profile…”

“Our core group is 18 to 27. We skew 95% female, and our secondary group is 28 to 34.”

“I think shoppers, they're fickle. They go to the next shiny object when something comes along. And I haven't seen that thing that makes you that, like, that, that locks these people in in a way that they don't want to leave. And so for that, like, I, this woul…”

“The top part of the funnel was good. Like, I mean, for a Chrome extension, you've got 25% of people who've ever downloaded, like, they're actively every month. That feels pretty strong, but everything below that was missing, right?”

“Revenue, we turned on revenue three months ago. In the first month of turning on revenue, we generated nine K, in the second month it was 11, and in the last month it was 13 K.”

“We got a 500 K check from another strategic angel. They're a silent angel. They're just a high net worth individual. One of my dad's friends. And I was talking to them about the platform and I was showing them how it worked and I like was explaining and he was…”

“They raised over fifty million dollars and closed their doors January of this year and laid off their entire team.”

“I think it's going to be difficult to raise three million dollars. I mean, not impossible. I mean, I've seen crazier things happen, but in this market environment, based on where you are raising three on a 10 or 15 is going to be tough.”

“The top part of the funnel was good. Like, I mean, for a Chrome extension, you've got 25% of people who've ever downloaded, like, they're actively every month. That feels pretty strong, but everything below that was missing, right?”

“If she came in and was like, I'm raising a million on six or seven million cap, and we are going to get to half a million users, and here's how we're going to do it, and she had that conviction, I would be more inclined.”

“Our 40,000 users have organically saved over one million products to the platform”

“We have 75,000 users. 50% of our burn is covered with our monthly revenue, so like, we are capital efficient, we have users, they're doing what we want them to be doing, so we've created these inclinations of initial product market fit”

“So I'm out and I'll tell you why. I don't have a grasp of this category in order to add any value or be able to assess it properly.”

“We received a term sheet while I was on my honeymoon from a fund. The one thing with the term sheet is that the terms were not agreeable. It was a million dollar term sheet for a five million dollar valuation. So we ultimately ended up walking away from that t…”

“So we turned on monetization three months ago, and in those last three months we've generated 300 K in GMV.”

“I put 250,000 of my own money into the company to get it to our first 10,000 users. Then I raised a million from an angel investor who was a user of the platform in June of 2022.”

“We have 2000 daily active users. We're at 11,000 monthly active users, and of those users, the engagement we know is that they come to the platform and spend an average of 30 minutes a day, whether they're browsing the Discover feed, their own profile, or othe…”

“I don't even care so much about the conversion into an actual purchase, but if, like Pinterest, there's people who go on there every day four times a day and never purchase anything, but that engagement is really powerful.”

“And my, I think one of my bigger concerns is how you become sticky. I think shoppers, they're fickle. They go to the next shiny object when something comes along. And I haven't seen that thing that makes you that like that, that locks these people in in a way …”

“Platforms like LTK, ShopMy have gatekept who gets to be an influencer and curate and earn off of their recommendations.”

“We are raising three million dollars to invest in the people and the product that will continue to capture the one trillion dollar online shopping market.”