Pedro Alves, founder and CEO of Ople, discusses the milestones needed before raising a Series B round.
0:00 / 0:03exact quote · 3.1s
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“By the end of next year, yes. I want to be north of four.”
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More from Pedro Alves
PredictionNot checkable as stated
Alves: Overvalued AI Startups at 200x-300x Multiples Will Fail Within a Year
“For those, I think if we wait a year, we're going to have a couple of those stories because I can see already the companies that are massively overinflated on the valuation and the amount raised in comparison to the revenue. I'm talking about, you know, betwee…”
Pedro AlvesJun 25, 2020▶ 21:29AI Company Ople $15m Raised, Just $500k Revenue, Overvalued?
AssertionNot checkable as stated
Alves: Ople currently has three fully contracted enterprise customers
“Three.”
Pedro AlvesJun 25, 2020▶ 15:35AI Company Ople $15m Raised, Just $500k Revenue, Overvalued?
Disclosure
Alves: Early investors pushed Ople to charge per model built rather than per seat
“Initially investors really wanted us to charge per model built per project done.”
Pedro AlvesJun 25, 2020▶ 2:55AI Company Ople $15m Raised, Just $500k Revenue, Overvalued?
PredictionNot checkable as stated
Alves: Ople will finish 2019 at around $1M revenue
“So this year, I think it's going to be around one.”
Pedro AlvesJun 25, 2020▶ 12:05AI Company Ople $15m Raised, Just $500k Revenue, Overvalued?
AssertionNot checkable as stated
Alves: Ople's burn rate is roughly $400K monthly
“Yeah, it fluctuates around there.”
Pedro AlvesJun 25, 2020▶ 12:54AI Company Ople $15m Raised, Just $500k Revenue, Overvalued?
AssertionNot checkable as stated
Alves: Recent AI Exits Reached $300M-$400M on Just $3M-$5M ARR
“In the space that we're in, like if you look at AI, there's the last two exits that I saw were in the range of the companies had between three and five ARR and sold for between three and four hundred million dollars.”
Pedro AlvesJun 25, 2020▶ 19:56AI Company Ople $15m Raised, Just $500k Revenue, Overvalued?
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