Chimney

“Pricing is really simple. So it's just a number of calculators. So the average price is 99 dollars per month per calculator.”

“Like the joke is that you have to be able to build it yourself in order to have an outdoor outsource dev shop. So I'm giving them literally like the database schema and the relationships And the models and like, okay, here's how we should structure this. Here'…”

“Per year, it's like 7000 per year for the calculators.”

“They do. They required the investment because we were like, you don't have to like, good. Like we raised the seed already. They were like, ah, we need to. And we're like, okay.”

“60 plus.”

“Nothing, I actually remember this, because this was the first money that we spent from nothing to MVP was 16,000 dollars. And this was a platform for people to log in, create the calculator, issue it to themselves, and then embed it to their website.”

“Ultimately decided the small team of like eight or nine people who can't yet have a product manager, like our CEO needs to be the product manager for now.”

“Yeah, they participated in the safe note as well. They, I think they put in 75,000 dollars.”

“So we're 4030, 30 the CEO, Matt Covey, it was his idea. So he has 40% and then Chase and I reached 30.”

“And so we made it to like about 300 K in revenues by being fully bootstrapped.”

“It was a seven million valuation cap on a safe note. And that is, yeah, post money.”

“So this is a new product that is not in market yet. And the idea here is to partner with a big bank that had already had millions of users and they also serve up like helox or other types of loans. And then we'll be the tech in the middle that engages the user…”