Umit Chokmok is the founder and CEO of Altogic, discussing how the company was financed before its initial $1 million seed round.
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“Well, it was my personal personal, let's say budget or personal spending After the seed funding, we started to hire people.”
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More from Umit Chokmok
Disclosure
Chokmok took majority equity over co-founder based on capital and effort
“My share is much higher and so on. So depending on how much money effort you put in and how much time you spend on that one, that was my agreement with my co-founder. So the share that I have on the company is much higher than him.”
Umit ChokmokJun 11, 2022▶ 9:23How he used community to raise $1m for his Backend as a Service SaaS
AssertionSupported
Altogic operates as a drag-and-drop no-code backend platform
“Autogic is a no code platform. So you doesn't, you don't need to code in order to develop backend applications in Autogic with simple drag and drop operations. You can model your data. You can define your services and endpoints and so on.”
Umit ChokmokJun 11, 2022▶ 2:09How he used community to raise $1m for his Backend as a Service SaaS
Disclosure
Altogic raised a $1M seed round led by ScaleX
“We only had the one round, this is the seed round, which is one million dollars. And they are basically majority of them is from Scalix.”
Umit ChokmokJun 11, 2022▶ 7:30How he used community to raise $1m for his Backend as a Service SaaS
AssertionNot checkable as stated
Altogic has close to 1,000 users in its public beta
“Right now we have about close to 1000.”
Umit ChokmokJun 11, 2022▶ 3:10How he used community to raise $1m for his Backend as a Service SaaS
AssertionNot checkable as stated
Altogic employs eight full-time staff, including six engineers
“Right now, eight people full-time. Okay. How many engineers? All of them, almost, except one people, all of them are engineers, sorry, two people, except two people, all of them are engineers.”
Umit ChokmokJun 11, 2022▶ 9:39How he used community to raise $1m for his Backend as a Service SaaS
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