Dumoya doubts Selecteev can raise venture capital due to small target market
Albin Dumoya · Side project accidentally hits $7k, when does he go full time? · Jun 18, 2022 · at 5:37
Albin Dumoya, founder of Selecteev, discusses the platform's addressable market size and fundraising viability with Nathan Latka.
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“I'm not sure that Selective can go for fundraising, for example, because the market is pretty small and temporal.”
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More from Albin Dumoya
Dumoya kept Selecteev's IP by giving former accelerator free lifetime access
“Basically the, when I left the company, the product was dying if I didn't take it. And so the deal was that I would take it and they would use it for free for life. And then I would do whatever I needed.”
Selecteev's average customer pays about 200 euros monthly on standard plan
“Basically it's about 200 euros a month. That's the standard plan is the most used by far.”
Dumoya: Selecteev processed 10,000 to 15,000 candidates in April 2020
“I would say in total on our customers, I would say about 10 to 15,000, something like that.”