Salhi: Bose invested $350,000 in Qleek on a $4M valuation cap
Ismail Salhi · #16 Qleek · Mar 3, 2025 · at 18:25
Ismail Salhi discloses the specific financial terms of Bose's previous investment in Qleek during his pitch to venture investors.
0:00 / 0:05exact quote · 5.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“So they put three 50 On a four million cap, a 20% discount a year ago.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Ismail Salhi
Salhi: CDs remained the most gifted music format in 2016
“And 30%, the highest, the most gifted item today, in 2016, wait for it, is still the CD.”
Qleek founder claims they would have raised heavily during NFT boom
“Like, if we would have survived COVID, or if COVID didn't happen, the NFT thing would have happened, and then we would have raised so much money.”
Salhi: Millennials buy vinyl because digital music lacks tangibility
“Millennials are buying vinyls like crazy. Why? Because they never see and touch the content they have and they love.”
Salhi: Qleek's failure caused trauma, required new business to avoid VCs
“The trauma of clique made me think if I have to start a new business, it has to be completely or Very, very independent from VC funding, that we could try it, and if it fails, we'll know it quickly, but if it succeeds, it can fund itself without external, addi…”
Wildgrain capped customer acquisition cost at $60 to break even quickly
“It was 60 dollars. So you, we spend 60 dollars to acquire a customer, and then we don't spend more than that. Even if spending more than that would bring in a lot more customers, we don't, because we want to make sure that we break even in box two.”