Answered produced feed
D 5 · C 5 · P 4 · Cm 4 4.60
Q Okay, and what, what made that switch for you, where you went from on bootstrapping this to let me raise capital?
A About a year into it is just, I kept, I've talked to over a thousand, uh, parents, family law professionals, judges, child support services, uh, and everybody I talked to is saying, you know, there's nothing out there to support all of these parents, and it's something that, uh, I desperately needed. I get calls from vendors saying either I need this, or I wish I had this when I was a kid, or I wish I had this when I was paying child support. Um, so just the, The sheer need, uh, that I would hear from people over and over again, or customers saying, thank you so much. You've ended the, the financial fighting that I'm having to do in front of my kids.
AI assessment note: “just the, The sheer need, uh, that I would hear from people”
Answered produced feed
D 5 · C 4 · P 4 · Cm 4 4.30
Q round, did you, did you, and there, and the question was, Hey Sherry, how much revenue are you doing? Did you say we're doing a 240,000, like we're at 240,000 bucks in ARR or did you say we'd have that plus we have this, you know, one time, you know, subscription fee that doesn't recur and did they, what I'm asking is like, did they build that into your valuation?
A They built that into the valuation, but for us, the bigger valuation is you look at the problem here, and if you look in the US alone, there's fifty-five million parents that have this problem, with 1.2 million new parents having this problem every year. Globally, there's three hundred million parents, um, that are exchanging over nine hundred billion dollars. So today, we're making money off of that subscription service. Obviously, in the future, We're going to be making money off transactions and transaction volume as well. So the question that you always have is you go after revenue, yes, but then if you're first mover advantage, first to market, how do you capitalize on that and get people in? Because once, as I've shown from the churn rate, once they're in, they're in, we're locked in, we have their data, they're going to come back to us because they can't go anywhere else for it.
AI assessment note: “They built that into the valuation, but for us, the bigger valuation is”
