Synapse

“I've seen series A companies in our space as low as 25 pre money and all the way up to forty million pre money.”

“We have about 60 on the platform 60 enterprises directly today.”

“One, Jay Steinfeld, who was the owner of Blinds.com, who sold to the Home Depot. He was very instrumental in helping us.”

“We have not yet gone to series A, and when we do our plan is to start working with series A partners at around two and a half million ARR. So we're not quite there yet, but you know, we'll be there in about a year's time or less.”

“It's about 10 grand.”

“About 10 to 12.”

“We're retaining about 89% of clients right now.”

“Annually and increased from there based off a per seat model, but we actually just flipped the switch with COVID to not having any minimums and pricing at 1500 dollars a seat to lower all barriers, and we're seeing contracts come through at greater deal value …”

“So we just took on another million dollars in August.”

“Yeah, I mean, we will have over a hundred percent growth this year.”

“So we brought on some venture debt through Comerica Bank. And it was mainly to really build the relationship early so that when we do our Series A, we can take about 30% of venture debt on top of that next round.”

“About four million dollars.”

“Over the next two years, they're going to onboard us to 11,000 clients of theirs, which is exciting.”

“We were at a little over 400 K in AR less than a year ago.”

“A little over 20.”

“We don't have a direct competitor still in the market right now. There's indirect incumbents.”

“We spent Probably about 50 grand to get the first kind of iteration out the door and started to monetize it”

“With the VCs who we put together you know, we, they're already looking to commit about five, a little over five million going into the next round combined.”

“Yeah, we think that payback will be five to six months once we roll out the product-led growth strategy.”

“ExxonMobil. And they basically read about us in the newspaper after coming out of an accelerator and asked to see the software where we were like, well, we don't have software yet. Here's our plan. And it was a problem for them that, that they said, well, we'l…”