Q Well, how do you, how do you price the round your pre-revenue? I mean, how do you guys come up with evaluation?
A Yeah, this was actually a negotiation topic. We were, it was funny, because in the thing, in the beginning, we thought, okay, this is a scientific thing, right? And so we researched, and we calculated, and calculated again, and then we find out, because we didn't have any experience, we're first-time start-upers, so we realized that it was much more of a negotiation thing, so you come out with a certain number, and then, you know, uh, angels will tell you, no, that's too high, or, you know, so. This is a little bit of a risk if you don't have any experience yet, actually, and also it depends very much on the market. So in Switzerland, the valuations are normally quite low in Europe, a little bit higher and compared to how low in Switzerland. Well, you know, if you come out as a pre-seed, it's, it's really hard to get anything, uh, like you, the pre-seed valuations are like between two million and maybe three million, something like that, where I see when I'm watching out the US, you know, stuff like that can already be at eight, ten million.
AI assessment note: “we realized that it was much more of a negotiation thing”