Disclosure certainty 4/5 debate potential 1/5

Penny Raised $5M Seed Round at $20M to $25M Valuation

Mohamed Ibrahim · Cloud Management Starts Grows 100% to $35k MRR This Month · Mar 17, 2022 · at 13:29

Mohamed Ibrahim is the co-founder and CTO of Penny.co, responding to Nathan Latka's calculation of their $5 million round dilution.

0:00 / 0:06exact quote · 6.8s
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“That's right. So, I mean, it was something around this value. I mean, you basically could estimate it, right?”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Mohamed Ibrahim

Prediction Not checkable as stated
Penny Targets 4x to 5x Revenue Growth on $5M Seed Runway
“The way we're targeting is a multiplier in terms of revenue by the end of this round. Is a multiplier by four to five times.”
Mohamed Ibrahim Mar 17, 2022 ▶ 13:36 Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny Averages a 7% to 10% Take Rate on Cost-Saving Contracts
“Yeah, something, yeah, something between seven to 10%.”
Mohamed Ibrahim Mar 17, 2022 ▶ 3:37 Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny Charges Approximately $1,000 Per User Annually for Software Licenses
“I mean, for standard offering we use, I mean, for just general users, we offer something around 1000. Per per year as a license licensed software.”
Mohamed Ibrahim Mar 17, 2022 ▶ 4:44 Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny Lands 20 to 100 Seats Per Enterprise Customer Deployment
“On average, it is like, I mean, we target like small I mean, we focus mostly on medium to large companies. So this can actually range from a 20 all the way to a hundred users targeting people who work in procurement departments for big corporates and companies…”
Mohamed Ibrahim Mar 17, 2022 ▶ 5:17 Cloud Management Starts Grows 100% to $35k MRR This Month
Insight
Penny Split Founder Equity Unevenly Based on Initial Risk and Time
“Basically some people took more risk at the beginning. So those people basically deserve more shares to start with than those who took lower risks to start with.”
Mohamed Ibrahim Mar 17, 2022 ▶ 15:24 Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny CEO Delays Having Children Until Startup Reaches Self-Sustaining Growth
“I'm delaying that actually until I get my startup to a really right position where it can actually grow itself from there.”
Mohamed Ibrahim Mar 17, 2022 ▶ 19:11 Cloud Management Starts Grows 100% to $35k MRR This Month
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