The Ledger
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Conwell: Retail tech startups rarely reach billion-dollar exit valuations
“For products like this one, we haven't seen the exit values for these type of companies, right? They're not getting, not enough of them are getting to that, that billion dollar level, right?”
Yin: Hustle Fund offers $50K at $6M post-money SAFE for Flock AI
“I'd be open to investing 50 K at six post on a safe, and we are fast.”
Flock AI pilots report 10x cost savings and 30%+ higher conversion
“We've also launched with three pilot partners, and they've seen up to 10 X cost savings compared to a photo shoot, and they've also seen over a 30% increase in conversion rate with our diverse model imagery.”
Yin: Flock AI's analytics upsell makes it an evolved Optimizely
“The wedge is cost-cutting, but the upsell is analytic, because basically, if you had walked optimizely 10 years forward in an ideal world, that's this.”
Mallela: $200M retail brands spend $3M to $4M on photo shoots
“So when you look at these larger brands, brands that are spending, you know, two hundred million in revenue, they're spending about three, four million on photo shoots.”
Mallela: Flock AI builds proprietary algorithms on top of Stable Diffusion
“This is not just a wrapper off of like mid journey or stable diffusion. There's three parts to the tech. One is the actual model creation. The basis is stable diffusion, but we have our own algos on top of it for lighting aesthetics, demographics, posing.”
Flock AI has signed $50K+ in LOIs with a $1M pipeline
“In just the last few weeks alone, we've signed LOIs of over a 50 K and have built a pipeline of over a million with no paid marketing spends.”
Mallela: Flock AI secured funding from MBA Fund and Dorm Room Fund
“We have received funding from MBA fund and dorm room fund in the last actually four weeks. So, and we have soft committed about two 50 K”
Flock AI sets entry pricing at $10k-$12k for 1,000-1,500 images
“Their average, like, 10 to 12 K contract values for about a thousand to 1500 images. This is our lowest tier that we're looking at starting with, and it would pretty much take over the smaller brands, you know, probably 80 to 90% of their photo shoot needs for…”
Elizabeth Yin Limited to $50K Allocation in Flock AI
“After that interview, we found out that indeed, Elizabeth Yin was limited to investing only 50 K due to the aforementioned round dynamics.”