Disclosure certainty 4/5 debate potential 2/5

Vigo: Bevz Restructured Equity Tranches at $40M and $80M Valuations

Jason Vigo · #120 Bevz: A Tech Bro Walks Into a Corner Store... · Mar 4, 2025 · at 20:09

Bevz founder Jason Vigo explains how he resolved investor concerns regarding his low cap table ownership following his appearance on The Pitch.

0:00 / 0:09exact quote · 9.6s
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“So we tied it to a company valuation. And so we did two valuations. So it's at a 40 and an eighty million valuation. I'll get two buckets of equity.”

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More from Jason Vigo

Disclosure
Vigo reveals he owns only 14% equity in Bevz
“So I have 14%. Our founding team together has about 70%, so it's a combo of me, my co-founder Victor, and my CTO.”
Jason Vigo Mar 4, 2025 ▶ 7:44 #120 Bevz: A Tech Bro Walks Into a Corner Store...
Disclosure
Bevz Founder Jason Vigo Discloses He Owns Only 14% Equity
“So I have 14%... Our founding team together has about 70%, so it's a combo of me, my co-founder Victor, and my CTO.”
Jason Vigo Sep 27, 2023 ▶ 7:23 "A Bold Startup Pitch! AI-Powered Retail Management Disrupts the Market – Will VCs Invest?"
Assertion Not checkable as stated
Bevz has 330 stores, 21% monthly growth, and 99% monthly retention
“Today we have 330 stores using the SaaS platform. We're growing 21% every month. We have a 95% conversion from free trial to paid subscription. And we have a 99% monthly retention.”
Jason Vigo Sep 27, 2023 ▶ 2:50 "A Bold Startup Pitch! AI-Powered Retail Management Disrupts the Market – Will VCs Invest?"
Assertion Not checkable as stated
Vigo: Bevz sales reps consistently acquire 20 stores monthly
“Each salesperson can get 20 convenience stores every single month consistently.”
Jason Vigo Sep 27, 2023 ▶ 6:11 "A Bold Startup Pitch! AI-Powered Retail Management Disrupts the Market – Will VCs Invest?"
Disclosure
Vigo: Bevz is raising $1.6M at a $9M cap with $1.3M committed
“So we're doing a nine million post-money valuation cap another convertible note raising the 1.6, and we have one three committed already.”
Jason Vigo Sep 27, 2023 ▶ 11:48 "A Bold Startup Pitch! AI-Powered Retail Management Disrupts the Market – Will VCs Invest?"
Assertion Not checkable as stated
Bevz reports 330 stores, 21% monthly growth, and 99% retention
“Today we have 330 stores using the SaaS platform. We're growing 21% every month. We have a 95% conversion from free trial to paid subscription. And we have a 99% monthly retention.”
Jason Vigo Mar 4, 2025 ▶ 3:12 #120 Bevz: A Tech Bro Walks Into a Corner Store...
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