Disclosure certainty 4/5 debate potential 1/5

Data Duopoly pays a Philippines-based developer £2,000 monthly

Tanavi Ethanandan · An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers · Dec 2, 2021 · at 9:20

Tanavi Ethanandan, co-founder and CEO of Data Duopoly, breaks down the startup's engineering expenses and lean operating model with Nathan Latka.

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“So for us, we sort of do a sort of about 2000 pounds a month but that is for specific project costs.”

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Disclosure

Incubator Launchpad took a 24.9% equity stake at inception

“It was 24.9% at the beginning.”

Tanavi Ethanandan Dec 2, 2021 ▶ 6:45 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Disclosure

Data Duopoly prices on 12-month fixed contracts, not per visitor

“No, we charge on a 12 month based contract. So it means it doesn't matter how many visitors are using it. We want to encourage as many people as possible to keep using the platform.”

Tanavi Ethanandan Dec 2, 2021 ▶ 13:49 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Disclosure

Data Duopoly charges medium-sized venues £30k annually

“So it really depends on the size of the venue. So we're looking at around 30,000 pounds or medium sized venue to even higher depending on the scale.”

Tanavi Ethanandan Dec 2, 2021 ▶ 2:27 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Disclosure

Data Duopoly targets venues with over 250,000 annual visitors

“Really, it's a number of visitors. So we would normally work with clients that have around more than 250,000 visitors visiting every year.”

Tanavi Ethanandan Dec 2, 2021 ▶ 2:52 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Disclosure

Data Duopoly raises £250k seed round during COVID

“We then managed to secure our first seed round of a quarter of a million pounds.”

Tanavi Ethanandan Dec 2, 2021 ▶ 5:27 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Disclosure

The European Space Agency backed Data Duopoly's seed round

“So we managed to get backing from the European Space Agency for our seed round.”

Tanavi Ethanandan Dec 2, 2021 ▶ 6:02 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Data Duopoly pays a Philippines-based developer £2,000 monthly

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