McAndrew: Baukunst wants to fast-track diligence to lead Jungle's round
Kate McAndrew · VCs Offered $2M — Will This Profitable Startup Survive the Pitch? · May 7, 2025 · at 15:47
Investor Kate McAndrew shares her strong interest in Julian Alvarez's AI study tool Jungle on The Pitch.
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“I feel like I would be very interested in diving into diligence quickly and fast tracking this with my partners. And we would look to lead this.”
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“I would look to lead this with something like 1.25 million at a 10 post, just because that's often where the valuation threshold is for us with the deals that we like to do.”
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“Like, so I think you basically have to get people to pay for the semester, or for the school year, or pay the annual rate, otherwise you're gonna churn people out. Every summer or, and you're going to need to reacquire them.”
McAndrew predicts Jungle's seed round will close at a $12M–$15M valuation
“But my guess is this gets done At 12, 15, and it's, like, at 12, 15, and that makes sense, given where they're at, the fact that they did a pre-seed, but also just, like, the data”
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“When people talk about revenue, they're missing at least 50% of the story, which is there's revenue, and then there's revenue quality. If you have a bunch of revenue that's churning, any investor with their salt is going to look under the hood at your metrics …”
McAndrew offers to invest $1M to $1.5M in Sundae pending diligence
“I work in a partnership, so I have three partners, but I would be very excited to jump into diligence, and my investment would be, I would say, at least a million. I would rather do 1.25, if you'd be open to taking more. I'd even go 1.5 if you would be willing…”