Fischer: Wittyworks raised a $750k friends and family round in 2021
Nadia Fischer · Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation · Apr 3, 2022 · at 4:38
Nadia Fischer, CEO and co-founder of Wittyworks, discusses her startup's early funding history with host Nathan Latka.
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“We raised capital mid last year with friends and family around. How much did you decide to raise? A 750 U.S. Dollars, 50,000 U.S. Dollars.”
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More from Nadia Fischer
Fischer: "Ambitious" and "performance" language alienates diverse talent pools
“There's much language out there that is a lot of people do not feel addressed because their socialization is different. So if you also write, yeah, we're really an ambitious team and performance is super important. That's all kind of language that only attract…”
Fischer: Wittyworks aims to reach $150,000 to $200,000 ACVs via seat expansion
“Naturally, we're hoping for the compounding effect that now it kind of starts to expand within the companies, and you know, that will reach ACVs of like 150 to 200,000.”
Fischer: Swiss convertible notes are typically limited to just $25k
“In Switzerland, when you use notes, it's rather very small notes, like 20 to 25,000. So you would have to raise a lot of notes and that makes it very complicated.”
Fischer: Swiss pre-seed valuations trail the US by up to $8M
“The pre-seed valuations are like between two million and maybe three million, something like that, where I see when I'm watching out the US, you know, stuff like that can already be at eight, ten million.”