Orgzit plans to cap equity dilution at 15% to 20%
Nitin Verma · They Spent $100k on MVP, Now Have Customers Expanding $100/mo to $1000/mo in First year, How!? · Jun 7, 2020 · at 7:08
Nitin Verma, founder of Orgzit, details the target dilution parameters for their seed round to host Nathan Latka.
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“We don't want to dilute more than 15 to 20%.”
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More from Nitin Verma
Low-code software requires users to articulately define their business processes
“Because if you can't define business processes articulately, there's no way you can go and build an application on a low code software.”
Orgzit co-founders work part-time external jobs to bootstrap the company
“My brother sort of works as a part-time CTO and I work as a part-time consultant with World Bank.”
Orgzit is actively raising $500,000 to $1,000,000 in seed capital
“We're actually doing a fundraise right now to raise about a half a million to maybe a million dollars to take us to the next level.”
Orgzit expanded an Amazon India division account from $100 to $1,200 monthly
“And it started off as a small POC for about 10 users, and now it's expanded to about 120 users. And we are doing so we started with less than, I think, 500 dollars sorry, we started with less than a hundred dollars a month, approximately. It was just a small P…”