Disclosure certainty 4/5 debate potential 3/5

Incubator Launchpad took a 24.9% equity stake at inception

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

Tanavi Ethanandan, co-founder of Data Duopoly, details the equity terms agreed to with incubator Launchpad.

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“It was 24.9% at the beginning.”

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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

Disclosure

Data Duopoly's co-founders retain 66% ownership after seed round

“About 66% between Erin and myself.”

Tanavi Ethanandan Dec 2, 2021 ▶ 7:26 An Incubator took 25% But Helped These Co-Founders Merge, Raise Seed, and Hit 3 Paying Customers

Incubator Launchpad took a 24.9% equity stake at inception

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