Bitfusion

8 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Jun 13, 2016 by Subbu Rama · said 7 times in 1 episodes since 2016 · across every show →

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brought up most by Nathan Latka (7)

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Everything said about Bitfusion, oldest first

Jun 13, 2016 positive
Disclosure
Rama: Bitfusion closed its $1.5M seed round in just two weeks
“We basically opened our round around the first week of April. We were done in two weeks.”
Subbu Rama Jun 13, 2016 ▶ 7:46 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016 bullish
Prediction Not checkable as stated
Rama: Bitfusion could match VMware's scale if executed correctly
“We think this could be as big as VMware, if we executed right in the next few years.”
Subbu Rama Jun 13, 2016 ▶ 13:47 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016
Assertion Not checkable as stated
Rama: Bitfusion burns less than $100K in cash per month
“Less than a hundred K. Our budget is less than a hundred K.”
Subbu Rama Jun 13, 2016 ▶ 11:19 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016 positive
Insight
Rama: Equal co-founder equity splits prevent long-term resentment
“No, we actually did that actually, because, you know, if you think about it, right, that, I think that's the right way to do it. The reason is, ah, you don't want one person to feel that, you know, ah, that person's putting more work, but like getting less equ…”
Subbu Rama Jun 13, 2016 ▶ 5:22 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016 positive
Assertion Not checkable as stated
Rama: Bitfusion secured Shell and five other customers within three months
“Since we've released our product in just, like, you know, ah, three months, we basically have about half a dozen customers. Ah, customers range from, you know, ah, cloud service providers, ah, all the way up to, like, oil and gas companies like Shell.”
Subbu Rama Jun 13, 2016 ▶ 9:12 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016 positive
Disclosure
Rama: Bitfusion raised its seed round using free YC SAFE templates
“We just went online, downloaded what Paul Graham had, printed it, didn't, you know, didn't have to spend any big money on lawyers.”
Subbu Rama Jun 13, 2016 ▶ 8:25 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016 neutral
Disclosure
Rama: Bitfusion raised approximately $1.5M in April 2015
“We raised about 1.5 million dollars, you know we actually raised last year around, you know, end of April is when we raised.”
Subbu Rama Jun 13, 2016 ▶ 7:29 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Jun 13, 2016
Disclosure
Rama: Bitfusion co-founders skipped vesting schedules before raising capital
“Actually, in fact, when we initially signed the founders' agreement before we raised equity, ah, we didn't have an investing schedule.”
Subbu Rama Jun 13, 2016 ▶ 6:58 Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
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