Lee: Pitch investors backed out before Shipsi could offer allocations
Chelsea Lee · #41 Can This Startup Help Retailers Take on Amazon? · Mar 3, 2025 · at 21:11
Chelsea Lee is the founder of Shipsi. She describes the post-show diligence process with the show's investor panel.
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“They bowed out before I could even say, look, we're oversubscribed. Do you want in or not? Like, I'd love to have you. But they bowed out before we even got to that point.”
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“Fundamentally, we believe that all logistics will be on demand. All e-commerce will be on demand in the next three, five years, right?”
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“The average to ship a package in the U.S. Is 12 dollars per, per package.”
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“My co-founder, Ben Way, threw in the first three 50 and built the API, and then after that we did a friends and family and raised three 80. We're currently raising 1.5 at a 4.5 cap in convertible notes. Of that we have 800 closed or committed, so looking to fi…”