Freestand

11 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Dec 23, 2021 by Konark Sharma · said 10 times in 1 episodes since 2021 · across every show →

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brought up most by Nathan Latka (9), Konark Sharma (1)

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Everything said about Freestand, oldest first

Dec 23, 2021
Disclosure
Freestand bundles SaaS software costs into its per-sample distribution pricing
“While we are a SaaS company we have to bundle in our SaaS costs as a part of the first sample price that we're giving away to these brands. So we charge the brands on the basis of like how many samples they distribute with us on a monthly basis.”
Konark Sharma Dec 23, 2021 ▶ 1:44 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Disclosure
Freestand diluted 15% to 20% equity for its $150,000 seed round
“It was yeah, it was about in the range of 15 to 20, yeah.”
Konark Sharma Dec 23, 2021 ▶ 10:16 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Assertion Not checkable as stated
Freestand reached $10,000 monthly revenue pre-COVID before temporarily dropping to zero
“Last year, we were like zero at the same time, because essentially we you know, in that month, we were essentially, we kind of bent into COVID, and we decided to, we realized the fact, it was pre-COVID that we had touched 10,000 dollars in, I think, March of t…”
Konark Sharma Dec 23, 2021 ▶ 6:50 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Disclosure
Freestand raised a $150,000 seed round led by Succeed Innovation
“We raised about a 150 150,000 dollars is what we raised. It was led by Succeed Innovation was our VC. In this year itself, we raised it in April.”
Konark Sharma Dec 23, 2021 ▶ 9:45 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Assertion Not checkable as stated
Freestand's active customers pay an average of $6,000 per month
“On an average close to I think about, yeah, so there's a wide spectrum there, but I think the average would be closer to like six thousand dollars would be close.”
Konark Sharma Dec 23, 2021 ▶ 6:27 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021 positive
Disclosure
Sharma: Freestand built the majority of its initial platform on Google Sheets
“Webflow, you know, like was very we built a lot on Webflow and Google Sheets. Actually, Google Sheets would be number one for us.”
Konark Sharma Dec 23, 2021 ▶ 13:37 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021 bullish
Disclosure
Freestand is expanding from pure B2B SaaS to a SaaS-enabled marketplace
“B to B SaaS. We are looking to change. We're looking to expand our business model from being B to B SaaS to being a SaaS enabled marketplace for product sampling”
Konark Sharma Dec 23, 2021 ▶ 11:33 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Disclosure
Freestand charges CPG brands roughly $1 per sample for distribution
“10,000 samples a month they're paying for typically around 10 10,000 samples.”
Konark Sharma Dec 23, 2021 ▶ 2:55 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021 neutral
Disclosure
Founder Konark Sharma invested $20,000 of his personal capital into Freestand
“I put about 20,000.”
Konark Sharma Dec 23, 2021 ▶ 8:04 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Disclosure
Freestand aims to raise $1M to $5M for its next round
“I think it's going to be between you know, one to three, one to five million is where we are essentially aiming for us and to go from here.”
Konark Sharma Dec 23, 2021 ▶ 11:21 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
Dec 23, 2021
Assertion Not checkable as stated
Freestand currently serves six active CPG brands from 20 lifetime customers
“20, not 20 active customers, 20 customers that we've been through. Currently we have about six active customers.”
Konark Sharma Dec 23, 2021 ▶ 4:17 Founder Invests $20k Personally, Now $36k MRR, 6 CPG Brand Customers Using for Sampling
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