Assertion certainty 4/5 debate potential 1/5

Vejderkop: Metro Accelerator rejected QuickOrder due to broken cap table

Mads Vejderkop · QuickOrder Hits $4m In Under 18 Months Helping Restaurants Survive Pandemic · Oct 3, 2020 · at 14:58

Mads Vejderkop, co-founder and CEO of QuickOrder, describes how early toxic investment terms caused the startup to get turned down by accelerators.

0:00 / 0:13exact quote · 13.9s
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“So when Metro Accelerator came around a couple of years in, and wonders of us on we actually went to the selection day, but got turned down because of our cap table in the end and had to fix that.”

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More from Mads Vejderkop

Insight
Betterkop: Running a Scaling Startup as a Democracy Slows the Business Down
“The importance of not making everything a democracy in the business. And sometimes as a leader, you gotta make decisions. You can't talk everything out. So be more decisive. And we kind of had a tendency, you know, in the early days with my founders that we ta…”
Mads Vejderkop Jul 24, 2021 ▶ 16:15 QuickOrder Hits $6m Helping Restaurants Drive Loyalty. Next? Raising $20m on $100m Valuation.
Disclosure
Vejderkop: QuickOrder bought back 50% equity stake dollar-for-dollar
“So we kind of pressured him out and he accepted to take the money we put down dollar by dollar and give us all the shares back.”
Mads Vejderkop Oct 3, 2020 ▶ 16:30 QuickOrder Hits $4m In Under 18 Months Helping Restaurants Survive Pandemic
Disclosure
Betterkop expects QuickOrder Series A valuation above $100M
“Plus a hundred.”
Mads Vejderkop Jul 24, 2021 ▶ 11:13 QuickOrder Hits $6m Helping Restaurants Drive Loyalty. Next? Raising $20m on $100m Valuation.
Disclosure
Betterkop: QuickOrder will be the acquirer, not the acquired
“We are going to eat other companies.”
Mads Vejderkop Jul 24, 2021 ▶ 12:30 QuickOrder Hits $6m Helping Restaurants Drive Loyalty. Next? Raising $20m on $100m Valuation.
Disclosure
Vejderkop: QuickOrder Co-Founders Split Equity Equally at 20% Each
“Yeah, so it's 20% and equally shared ever since.”
Mads Vejderkop Oct 3, 2020 ▶ 2:04 QuickOrder Hits $4m In Under 18 Months Helping Restaurants Survive Pandemic
Assertion Not checkable as stated
Vejderkop: QuickOrder generates $368k in monthly recurring revenue
“So we are now at 368 came on pretty quick revenue.”
Mads Vejderkop Oct 3, 2020 ▶ 3:11 QuickOrder Hits $4m In Under 18 Months Helping Restaurants Survive Pandemic
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