BoltCode founder Manonia KH discusses the origin of the $30,000 startup capital she earmarked for her company.
0:00 / 0:03exact quote · 3.7s
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“Let me put it as around 80, 85% of it.”
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More from Manonia KH
Disclosure
Manonia KH considers granting parents 60% equity in BoltCode
“Yes, I am looking at giving them around 60% of equity.”
Manonia KHFeb 23, 2023▶ 4:18Should you negotiate co-founder equity first, or wait until you have customers?
Disclosure
BoltCode founders have not discussed equity split prior to launch
“We really haven't discussed equity yet, because like I said, I'm getting most of the funding to the table, and most of the tech is mine. The other co-founder just handles operations, so we haven't really discussed it yet.”
Manonia KHFeb 23, 2023▶ 11:16Should you negotiate co-founder equity first, or wait until you have customers?
AssertionNot checkable as stated
Manonia KH admits website testimonials are from free users, not paying customers
“Right now they aren't really paying. They just signed up for some of our free courses right now.”
Manonia KHFeb 23, 2023▶ 6:00Should you negotiate co-founder equity first, or wait until you have customers?
AssertionPartly supported
Manonia KH blames Indian government portal downtime for delaying BoltCode's incorporation
“Actually the problem is the Indian government portals are pretty down, so we haven't been able to figure out legal. So incorporating the company and getting it to work and getting our legal contracts framed hasn't really happened for the last two months becaus…”
Manonia KHFeb 23, 2023▶ 12:40Should you negotiate co-founder equity first, or wait until you have customers?
Disclosure
BoltCode has zero paying customers and runs closed beta with 80-150 candidates
“Right now, we don't really have paying customers. We are having a pilot beta, you know, a closed beta of around 80 to one 50 candidates, and we wish to launch full-fledged in the next two quarters.”
Manonia KHFeb 23, 2023▶ 2:26Should you negotiate co-founder equity first, or wait until you have customers?
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