Nadia Fischer, CEO and co-founder of Wittyworks, discusses the background of her co-founder and CTO Lukas with Nathan Latka.
Insight
Fischer: "Ambitious" and "performance" language alienates diverse talent pools
“There's much language out there that is a lot of people do not feel addressed because their socialization is different. So if you also write, yeah, we're really an ambitious team and performance is super important. That's all kind of language that only attract…”
Prediction Not checkable as stated
Fischer: Wittyworks aims to reach $150,000 to $200,000 ACVs via seat expansion
“Naturally, we're hoping for the compounding effect that now it kind of starts to expand within the companies, and you know, that will reach ACVs of like 150 to 200,000.”
Assertion Not checkable as stated
Fischer: Swiss convertible notes are typically limited to just $25k
“In Switzerland, when you use notes, it's rather very small notes, like 20 to 25,000. So you would have to raise a lot of notes and that makes it very complicated.”
Assertion Not checkable as stated
Fischer: Swiss pre-seed valuations trail the US by up to $8M
“The pre-seed valuations are like between two million and maybe three million, something like that, where I see when I'm watching out the US, you know, stuff like that can already be at eight, ten million.”
Assertion Not checkable as stated
Fischer: Wittyworks' average contract value is $5,000 to $10,000
“Currently, the average contract values are between, let's say, five and then 10,000, I would say”
Assertion Not checkable as stated
Fischer: Wittyworks serves 32 customers including Microsoft and Intel
“So so 32 customers and some of them really big brands like Microsoft, Intel, Deutsche Bahn so Deloitte, so quite big customers actually.”