PartySlate

“We have 340,000 dollars sold in the first five months of our monetization.”

“We've launched two years ago. We have 300,000 photos uploaded to the site to date. We have 4000 event professionals sharing their photos, and we have a 150 paying customers.”

“I know I've had many talks with Brad Feld, who's a, you know, one of the leading VCs in the country, and he said to me over and over, Pinterest is not your competitor, and we agree a hundred percent.”

“So the knot that's been around for 20 years has about 200,000 photos. In our first two years we've had 300,000 photos.”

“Our MRR is 40,000 right now, and are forecasted to be a 100,000 by the end of the year.”

“But I think for the same reason, the valuation's too high the burn is too high, and the revenues are really, really They're too low. High, high, low.”

“Now we're raising a three million dollar seed round at a ten million dollar valuation.”

“It's about to get an email address, it's about a dollar 50, but we're getting clicks through Facebook and others when we do paid marketing at about five cents. So it's a very low cost of acquisition.”

“Wolfgang Puck Catering Group bought nine registered, nine memberships for all of their catering groups, not even their restaurants or private spaces, but for catering.”

“So the knot and wedding wire are very mass market, and they're great sites, but they say eight out of 10 brides come to the knot, and some of them have small budgets, some of them are doing things that you do it yourself, and what we're doing is going after pe…”

“Marketplaces take a lot of money, but I think it actually takes more money than she's raising. I think she was a valley company, and Charles, correct me if I'm wrong, you'd be 20, 30, forty million in, and you'd be pumping way more cash in, and trying to get t…”

“And since that time, I'm excited to share that we've raised 2.5 million of our three million dollar round. And the great news is two weeks ago Revolution Ventures their rise of the rest fund just joined the round.”

“Our current burn rate is about a 100,000. And we have 15 people.”

“Then we raised a pre-seed round of 1.9 million at a five five pre a seven four post.”

“I have to, I'm going to pass just because the B to C space is a bit murky for me and it just feels like There's so many different types of competitors in this space, so, and plus it's a pretty big valuation, a lot of cash, so I'm just gonna pass just to put th…”