Play

“We started with our own capital. So we started with a million dollars of capital. Michael put in the lion's share of capital.”

“I think we may need more than that to get off the highway. I mean, we're, you never say never, you know, right. But I think we're happy building.”

“And then we followed that up with another 6.1 that first round led.”

“The pre-seed round, we raised three million on a fifteen million dollar, you know, post-money valuation cap on the safes.”

“So we've got about 30,000 people on the list of people who've registered for full access.”

“And so I think like play is a great compliment to Figma.”

“Maybe three tiers will most likely be a freemium product. So there'll be a free tier for starters, a paid individual tier. And then a paid tier for organizations and for teams.”

“So we're the first native iOS design tool for teams to design, prototype, and share directly on their device.”

“Yeah, we're about 24 months right now.”

“And so if we look at the past month, there were actually 650,000 events, right? 650,000 individual actions inside of the product.”

“I think if you're going to, I mean, look, you need to save every dollar, but also if you're going to save 2000 dollars, but it's going to cost you another 10,000 dollars of manpower, right? Of people power to actually do the work. I'd rather pay the two grand …”

“So we have cohorts emerging in terms of retained users at five, six, seven weeks that are 80, 85% retained, right?”

“So I think, you know, the plan is maybe raise our RA towards the end of this year, early next year, but we've had, you know, we've had a fair amount of interest early this year, and maybe we'll end up doing it earlier.”

“We were pre revenue right now. So going from managing a P and L to just an L has been you know, a mental shift from sort of a CEO perspective”

“It is 12 engineers.”

“We've got 11,000 app installs already of the product on iOS.”