Gina Sanchez, founder of Chantico Technology, describes how market volatility following the Silicon Valley Bank collapse impacted her startup.
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“So, and strangely, you know, we were really concerned that, that the meltdown in Silicon Valley Bank was going to be was going to be sort of, you know, a real death blow. To our funding process, but actually our funding set up after that, probably because people actually came to us saying, hey, I know you're not fully built yet, but can we subscribe to whatever you have?”
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More from Gina Sanchez
Insight
Sanchez: Recursive partitioning models extreme market events better than regression
“What I found was that while regression was really good at kind of guessing what the average expectation would be recursive partitioning was really good at guessing the extremes.”
Gina SanchezApr 4, 2023▶ 2:18How she went $0 to $35k MRR in 12 months selling SaaS to RIA's
Insight
Sanchez: Rising oil, rising rates, and Fed contraction devastate portfolios
“Oil prices will go up that interest rates will go up, and that the Fed balance sheet will start to retrench. That tends to be a death blow to a number of portfolios. It doesn't matter what caused it, and so I think a lot of people try to focus on the crystal b…”
Gina SanchezApr 4, 2023▶ 7:00How she went $0 to $35k MRR in 12 months selling SaaS to RIA's
PredictionNot checkable as stated
Sanchez: Chantico can reach $10M revenue before needing VC backing
“That million dollars can get to about ten million dollars reasonably with, we have really good confidence that we can get to ten million where we're really going to need our venture backers to get behind us is growing from 10 to a hundred.”
Gina SanchezApr 4, 2023▶ 14:38How she went $0 to $35k MRR in 12 months selling SaaS to RIA's
Disclosure
Sanchez: Chantico raised $425k in 2022 from Ulu and 2045 Ventures
“So so we actually raised 425,000 dollars in 2021 sorry, in 2022 from 20 45 ventures, Ulu Ventures, and a handful of individuals, and we're we added to that actually early this year and so we're just finalizing the second half of that seed round, which it's bee…”
Gina SanchezApr 4, 2023▶ 4:07How she went $0 to $35k MRR in 12 months selling SaaS to RIA's
Disclosure
Sanchez: Chantico is raising at a $5M valuation
“So we're actually selling at a five million dollar valuation.”
Gina SanchezApr 4, 2023▶ 5:50How she went $0 to $35k MRR in 12 months selling SaaS to RIA's
AssertionNot checkable as stated
Sanchez: Chantico is generating around $33k to $35k per month in revenue
“No, no, no, that's actually, that's where we're at. That was our goal for this, was just to cover our run rate.”
Gina SanchezApr 4, 2023▶ 14:05How she went $0 to $35k MRR in 12 months selling SaaS to RIA's
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