Assertion certainty 4/5 debate potential 1/5

Altogic has close to 1,000 users in its public beta

Umit Chokmok · How he used community to raise $1m for his Backend as a Service SaaS · Jun 11, 2022 · at 3:10

Altogic founder Umit Chokmok shares user adoption figures for the backend-as-a-service platform with Nathan Latka.

0:00 / 0:02exact quote · 2.1s
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“Right now we have about close to 1000.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Umit Chokmok

Disclosure
Chokmok took majority equity over co-founder based on capital and effort
“My share is much higher and so on. So depending on how much money effort you put in and how much time you spend on that one, that was my agreement with my co-founder. So the share that I have on the company is much higher than him.”
Umit Chokmok Jun 11, 2022 ▶ 9:23 How he used community to raise $1m for his Backend as a Service SaaS
Assertion Supported
Altogic operates as a drag-and-drop no-code backend platform
“Autogic is a no code platform. So you doesn't, you don't need to code in order to develop backend applications in Autogic with simple drag and drop operations. You can model your data. You can define your services and endpoints and so on.”
Umit Chokmok Jun 11, 2022 ▶ 2:09 How he used community to raise $1m for his Backend as a Service SaaS
Disclosure
Altogic raised a $1M seed round led by ScaleX
“We only had the one round, this is the seed round, which is one million dollars. And they are basically majority of them is from Scalix.”
Umit Chokmok Jun 11, 2022 ▶ 7:30 How he used community to raise $1m for his Backend as a Service SaaS
Disclosure
Chokmok bootstrapped Altogic from personal savings until seed funding
“Well, it was my personal personal, let's say budget or personal spending After the seed funding, we started to hire people.”
Umit Chokmok Jun 11, 2022 ▶ 8:49 How he used community to raise $1m for his Backend as a Service SaaS
Assertion Not checkable as stated
Altogic employs eight full-time staff, including six engineers
“Right now, eight people full-time. Okay. How many engineers? All of them, almost, except one people, all of them are engineers, sorry, two people, except two people, all of them are engineers.”
Umit Chokmok Jun 11, 2022 ▶ 9:39 How he used community to raise $1m for his Backend as a Service SaaS
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