Disclosure certainty 4/5 debate potential 1/5

Tillotson's previous company reached a $30 million valuation in 2018

Travis Tillotson · SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k · Oct 20, 2021 · at 4:32

Nathan Latka and Travis Tillotson discuss the 2018 financing round for Tillotson's previous venture.

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“My valuation was 30.”

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Tillotson: Founders should avoid accepting lofty early valuations
“Don't go after those lofty valuations a little, you know, too early just because people are willing to give them to you because then you, your expectations are much higher afterwards.”
Travis Tillotson Oct 20, 2021 ▶ 4:20 SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k
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Travis Tillotson Oct 20, 2021 ▶ 9:02 SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k
Disclosure
Tillotson owned 33% equity when his previous software company was acquired
“I sold the equity that I owned was 30 three percent.”
Travis Tillotson Oct 20, 2021 ▶ 3:35 SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k
Disclosure
Tillotson personally invested over $250,000 of his own capital into SunRoof
“You can say, yeah, I mean, you can, you know, yeah, I'm looking at not a, not like a fun amount, like.”
Travis Tillotson Oct 20, 2021 ▶ 10:46 SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k
Disclosure
SunRoof is raising approximately $1 million via a SAFE note
“So we are talking like very low, like million, million bucks.”
Travis Tillotson Oct 20, 2021 ▶ 15:34 SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k
Disclosure
SunRoof is raising funding at an $8 million valuation cap
“No, no, eight million.”
Travis Tillotson Oct 20, 2021 ▶ 16:11 SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k
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