CodeLingo

“Venture capital allows you to do is act irrationally in the marketplace, and that ability is what gives you the competitive advantage. Because we have this capital, we can do experiments and developments not tied to a more traditional bootstrap model.”

“We're talking so we're probably talking best month would be around, yeah, probably probably around three grand a month.”

“As far as the SAS model goes, we're pre-revenue. We did have revenue with some of the enterprises we're working with, but since the post pivot, we're pre-revenue because we're trying to push a new model to go to a bigger scale.”

“Stripe came out with a really great report in September last year. It's called the developer coefficient. They estimate technical debt to cost companies eighty-five billion dollars annually, and they estimate a developer to be spending over 17 hours a week out…”

“When we went out, we're actually just looking for a bridge. We're only asking for 300 because we wanted to just a bit of extra runway to do the next round. All of, all up, all of the offers we got in we had about 2.8 mil all up in term sheets coming in.”

“In the past month we've had so our bots automatically finds and fixes code. We've had pull requests landed by companies like Google, Uber, Sky UK all in the past few weeks.”

“The first one was on a convertible note at a 1.8 mil cap. And then the second round wasn't on a note. So the second round was our pre C that was from the VCs. So that was that was just a straight. So the pre valuation was 3.8 mil. So yeah, around four mil valu…”

“All up, we've raised around seven, 700 K. The bulk of that came in 2017. So we raised from two venture capitalists. One was reInventure, which is backed by Westpac. That's one of Australasia's big four banks. And the other one is RightClick Capital, which is p…”

“The core of the problem is that software developers are great at scaling up anything except themselves. So there's a core dynamic of transferring critical knowledge about the software system you're developing that works really well in small teams, but starts t…”