Luke Feeney, co-founder of TerminusDB, details the size and valuation of the company's seed funding round led by Volta Ventures.
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“We did a seed then with Volta Ventures in the lead. They're a Dutch VC. And we raised about 3.5 total of a valuation of about 10 pre, 10, 10.5 pre.”
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More from Luke Feeney
Insight
European universities demand 10% equity while Stanford relies on alumni donations
“So Stanford, for example, has gone very progressive on that. So they let them spin out and then expect them to give the money back just in firms of like, you know, you're a billion dollar company. Give us a few million there for an endowment. Whereas Europeans…”
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AssertionContradicted
Stripe pays $350k for mid-range software engineers in Ireland
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AssertionSupported
European startup valuations trade at a significant discount to US competitors
“And certainly European valuations are a significant discount to us.”
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Disclosure
TerminusDB pivoted to open source because top-down enterprise sales grew slowly
“Like when we came out of university first, we were very much an enterprise sort of company. We tried to do large scale graph installations to solve big enterprise problems, like, you know, predicting how many, how much stock you need to have in your physical w…”
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Disclosure
TerminusDB includes all enterprise features in its free open-source version
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Insight
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“Well, that's a really good question, you know, cause we're, we'd be more, if you said to me, I could get an extra thousand developers up on the platform building really interesting things versus another a hundred K in revenue. I chose the thousand, thousand de…”
Luke FeeneyMar 8, 2022▶ 12:56This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation
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