Assertion certainty 4/5 debate potential 3/5

Amir: Angels demand minimum 3x liquidation return clauses in startup deals

Hamza Amir · EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap · Aug 22, 2016 · at 5:32

Hamza Amir, CEO of Blurbiz, discusses emerging aggressive terms and liquidation preferences in early-stage angel investing deals.

0:00 / 0:15exact quote · 15.8s
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“If you were to go out and raise angel funding, one thing you'll start noticing is that if your company, let's say, goes down for any reason or did not work out these angel investors have a clause in there that gets them at a minimum three times return.”

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More from Hamza Amir

Assertion Not publicly verifiable
Amir: Blurbiz clients include GQ, Teen Vogue, and Allure
“Our clients include people like GQ Magazine, Teen Vogue, Vogue Magazine, Allure.”
Hamza Amir Aug 22, 2016 ▶ 2:14 EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap
Disclosure
Amir: Blurbiz charges $2,000 to $5,000 monthly per account
“We charge two to 5000 dollars a month per account depending on how many accounts the client is setting up and we if it's five plus, then we can be more flexible on the pricing side.”
Hamza Amir Aug 22, 2016 ▶ 3:09 EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap
Assertion Not checkable as stated
Amir: Blurbiz has 20 active customers as of July 2016
“We're working with 20 customers right now.”
Hamza Amir Aug 22, 2016 ▶ 3:29 EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap
Assertion Not checkable as stated
Amir: Blurbiz generates well over $50k in MRR
“We're doing a well over 50 right now.”
Hamza Amir Aug 22, 2016 ▶ 3:36 EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap
Prediction Didn’t hold up
Amir: Blurbiz expects to close $2M round by month's end
“We're expecting to wrap up a two million dollar round by the end of this month.”
Hamza Amir Aug 22, 2016 ▶ 4:45 EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap
Assertion Contradicted
Amir: Blurbiz is raising at a $10M post-money valuation
“This can be set at a ten million post.”
Hamza Amir Aug 22, 2016 ▶ 4:53 EP 394: Create SnapChat Stories Like Featured Brands, 20k Views Each Snap
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