David Talbot, founder of SynchroTab, discusses the funding history of his presentation software company with Nathan Latka.
0:00 / 0:07exact quote · 7.3s
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“We launched in 2015, and we have one, had one capital raise from friends and family of a 120 grand.”
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More from David Talbot
Disclosure
Talbot: SynchroTab spends zero on marketing, relying on 20,000-advisor bank rollout
“I'm not spending any money. I'm not spending any money on marketing. Because when this happens, 20,000 wealth advisors will be out in the market using it if it's successful.”
David TalbotApr 21, 2020▶ 7:121732 Why Is He "Waiting" To Drive Sales?
Disclosure
Talbot: SynchroTab received $200k in upfront customer prepayments to fund development
“We're talking in total about a 150 up to last year and a third of 50 just come in now.”
David TalbotApr 21, 2020▶ 8:431732 Why Is He "Waiting" To Drive Sales?
Disclosure
Talbot: A global investment bank completely funded SynchroTab's software development
“Well, he's paying me, so it has closed, but it's not in he's paid for all the development, and that's where the first revenue checks are coming from, which I've just checked, cashed this month.”
David TalbotApr 21, 2020▶ 6:241732 Why Is He "Waiting" To Drive Sales?
Disclosure
Talbot: SynchroTab sells 10% stake to German partner at $1M valuation
“He will be on the cap table, ah, when that money comes in, and he will be buying 10% of the business for a 100,000. So we're valuing the business at a million dollars on that.”
David TalbotApr 21, 2020▶ 11:541732 Why Is He "Waiting" To Drive Sales?
Disclosure
Talbot: SynchroTab partnered with Blue Matrix for access to 100 banks
“The joint venture I did with this other group, and I can tell you who that is, it's a firm called Blue Matrix. They have relationships with a hundred investment banks in, in mostly North America, but some international.”
David TalbotApr 21, 2020▶ 12:401732 Why Is He "Waiting" To Drive Sales?
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