Talbot: A global investment bank completely funded SynchroTab's software development
David Talbot · 1732 Why Is He "Waiting" To Drive Sales? · Apr 21, 2020 · at 6:24
David Talbot, founder of SynchroTab, describes his commercialization and customer traction with an anchor enterprise investment banking client.
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“Well, he's paying me, so it has closed, but it's not in he's paid for all the development, and that's where the first revenue checks are coming from, which I've just checked, cashed this month.”
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More from David Talbot
Talbot: SynchroTab spends zero on marketing, relying on 20,000-advisor bank rollout
“I'm not spending any money. I'm not spending any money on marketing. Because when this happens, 20,000 wealth advisors will be out in the market using it if it's successful.”
Talbot: SynchroTab received $200k in upfront customer prepayments to fund development
“We're talking in total about a 150 up to last year and a third of 50 just come in now.”
Talbot: SynchroTab sells 10% stake to German partner at $1M valuation
“He will be on the cap table, ah, when that money comes in, and he will be buying 10% of the business for a 100,000. So we're valuing the business at a million dollars on that.”