Gillon raised $35,000 total across all of his failed startup businesses
John Gillen · Growing to $50k/mo with Roost CEO Jon Gillon Ep 202 · Mar 10, 2016 · at 4:12
Roost CEO John Gillen answers how much capital he raised from friends and family across his four failed ventures.
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“For all the businesses about, it's probably about 35,000 dollars.”
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More from John Gillen
Roost is growing monthly revenue at 35% to 40% month-over-month
“Yeah, we launched pretty quickly, and now we're growing about 35% a month, 40% a month actually.”
Gillon predicts Roost's $2M seed round will price at $8M-$9M pre-money
“We, we're looking for a lead investor right now, but if I were to see the future, I'd say about eight or nine million.”
Roost charges a 15% monthly transaction fee on storage and parking
“So we take a 15% transaction fee Per month in perpetuity on these big transactions.”
Roost generated $50,000 in top-line revenue in December 2015
“December of 2015, we did 50,000 dollars.”
Roost raised $1.46M in notes before pursuing a $2M priced round
“So we did a 160,000 dollars convertible note, then we did a 300,000 dollar convertible note, and then we did a million dollar convertible note, and now we're doing a price round. I'm raising two million dollars right now on a price feed round.”