Abhilasha Purwar, founder and CEO of Blue Sky HQ, discloses the valuation of her startup's priced seed round to Nathan Latka.
0:00 / 0:03exact quote · 3.9s
720p mp4 · rendered on demand · StarZero watermark
“I think it's something around seven million. I have to look again.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Abhilasha Purwar
Insight
Purwar: Founders should never split equity 50/50
“So it's just basic rules of founders that there has to be one final decision point. So you never split equity, 50, 50. One person takes more majority and the other person takes less.”
Abhilasha PurwarNov 6, 2021▶ 6:04Electric Companies Pay Them $250k To Track Forest Fires, $1.2m raised at $7m Valuation
PredictionOpen · timeframe Dec 2029
Purwar: 2020s Will Experience Climate-Induced Depression Similar to 1930s
“I was really interested in doing a PhD in economics on climate change induced financial depression, and I was working with Professor Gary Gordon in Yale, so I'm a Yale graduate in the master's program, and I really, really wanted to do that because I was obses…”
Abhilasha PurwarNov 6, 2021▶ 13:56Electric Companies Pay Them $250k To Track Forest Fires, $1.2m raised at $7m Valuation
AssertionContradicted
Purwar: 2021 California wildfires affected 40x more homes than prior decade combined
“I mean, even like, for instance, home insurances in the year, 20, 21, the forest fires in California affected 40 times more houses than the last 10 years of fires combined.”
Abhilasha PurwarNov 6, 2021▶ 2:27Electric Companies Pay Them $250k To Track Forest Fires, $1.2m raised at $7m Valuation
Disclosure
Purwar: Blue Sky flipped equity, making co-founder brother majority shareholder
“I think I took the majority, but then we flipped last year because my brother initially started like, oh, I'm going to help you for two months. And then he was like, oh, this is so exciting. And there's AI and cloud and APIs. And this is so tech. So he's my se…”
Abhilasha PurwarNov 6, 2021▶ 6:15Electric Companies Pay Them $250k To Track Forest Fires, $1.2m raised at $7m Valuation
Insight
Purwar: Indian seed rounds usually get priced unlike US SAFEs
“You can do 1.2 million of safe, but in the Indian market, you know, it's not that easy. Like usually the rounds get price”
Abhilasha PurwarNov 6, 2021▶ 7:18Electric Companies Pay Them $250k To Track Forest Fires, $1.2m raised at $7m Valuation
AssertionNot checkable as stated
Purwar: Operating Blue Sky in India Costs $1M Annually Versus $10M in US
“So the cost of running a startup like us in the US and New York would probably like ten million a year. But for cost of running a startup like us here is about a million a year.”
Abhilasha PurwarNov 6, 2021▶ 11:57Electric Companies Pay Them $250k To Track Forest Fires, $1.2m raised at $7m Valuation
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