PicBackMan is 100% self-funded with no outside capital
Vaibhav Domkundwar · 1701 How He Turned 50k Free Users into $12k in MRR · Mar 21, 2020 · at 10:45
Vaibhav Domkundwar, founder of Better Labs, confirms that PicBackMan has taken no outside venture capital and is funded entirely by him.
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“No, this is all my own.”
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More from Vaibhav Domkundwar
PicBackMan claims operating profitability only by excluding R&D costs
“There's a lot of product development R and D costs that, that if we take away on a month to month basis, we are profitable now.”
PicBackMan suffers from brutal double-digit monthly customer churn
“You know, I don't know the exact number, but we are in double digits, so we're very high.”
Better Capital was AngelList India's top syndicate in 2018
“And last year in 2018, we were the number one Angelist India syndicate.”
Better Capital deployed up to $3M across 16 deals in 2018
“So, you know, I can give you the exact numbers, but we did 16 deals, and we were somewhere in the let's say about two million to three million dollars largely in Indian companies, so it's a significant amount.”