Hamdi: Brick raised its seed round before writing any code
Bassem Hamdi · He Makes $20m/Yr Selling Digital Robots to Companies · Jul 29, 2025 · at 10:49
Bassem Hamdi, founder and CEO of Brick, recalls early venture fundraising from Eniac Ventures and MetaProp prior to building the company's product.
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“Seed round closed before we wrote our first line of code. It was back in the good old days. So we closed our seed round and then started writing. We closed it on an idea and a dollar and a dream. ENIAC and Metaprop were the two great seed VCs.”
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More from Bassem Hamdi
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“I think AI right now has a lot of like Y Combinator kind of fugazi with a couple of people and, you know, a chat GPT wrapper.”
Hamdi: Brick burned $1M monthly while growing 150% in 2021
“We were about a million a million a month. So we're, you know, we're in there burning a million a month. And you go to every board meeting to like grow fast. We're also growing like a 150%.”
Hamdi confirms Brick's January 2024 funding round was at flat valuation
“Yeah, it was flat. It was flat. There were obviously some, you know, sprinkling in of some kickers and every founder knows that you have to do some kickers here and there, but yeah, it was flat.”
Hamdi: Brick generates more revenue today with one-third the headcount
“And I think we're doing more in revenue than we did with a third the number of employees, right?”
Hamdi: Brick aims to double revenue in three years with flat headcount
“I'd like to double the size of the company in the next three years with that, with the same headcount. That is our goal.”
Hamdi: Brick bills by robot via unlimited or per-minute pricing
“The way we do it is by robot. Generally it's unlimited transactions, actions, and automation minutes. We do have a consumption based model that's getting more popular where it's actually automation minutes. So the number of minutes that they, you know, basical…”