Disclosure certainty 4/5 debate potential 1/5

Tommy.ai operates with a $130,000 monthly gross burn rate

Konstantin Bayondin · 100% YoY Growth to $1m Today, Raising $5m on $30m Post · Mar 15, 2022 · at 14:55

Konstantin Bayondin, founder and CEO of Tommy.ai, discloses the startup's monthly gross burn rate.

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“Our gross burn is 130 a month.”

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More from Konstantin Bayondin

Assertion Not checkable as stated
Tommy.ai hit $1M ARR with 24 customers in December 2021
“So we are we have some customers that are ramping up. So we have we reached a one million ARR last December, this December, like the December last year. And we have 24 customers. It gives us a four to 5000 dollars.”
Konstantin Bayondin Mar 15, 2022 ▶ 3:34 100% YoY Growth to $1m Today, Raising $5m on $30m Post
Assertion Not checkable as stated
Tommy.ai reached $22,000 MRR with a solo founder before hiring
“So I started in April was running it alone by December, 20, 20, I had 22 thousand dollars a month. I still run it alone and I started to hire people in February, March last year, 20, 21. And by that time I had a 35 key run rate per month.”
Konstantin Bayondin Mar 15, 2022 ▶ 7:54 100% YoY Growth to $1m Today, Raising $5m on $30m Post
Disclosure
Tommy.ai raised a $1M pre-seed round in April 2021
“So we raised one million dollars in receipt a year ago closing in April.”
Konstantin Bayondin Mar 15, 2022 ▶ 8:32 100% YoY Growth to $1m Today, Raising $5m on $30m Post
Assertion Not checkable as stated
Tommy.ai has soft commitments for half of its $5M seed round
“And we have about a half of the round already in soft commitments, looking for a lead investor.”
Konstantin Bayondin Mar 15, 2022 ▶ 10:59 100% YoY Growth to $1m Today, Raising $5m on $30m Post
Assertion Not checkable as stated
Tommy.ai expects to convert two-thirds of pilots to recurring contracts
“We run a pilot project with our customers to prove the value to them and we get an expect to get two thirds of them to convert into recurring permanent customers.”
Konstantin Bayondin Mar 15, 2022 ▶ 13:15 100% YoY Growth to $1m Today, Raising $5m on $30m Post
Assertion Not checkable as stated
Tommy.ai estimates 1% to 2% monthly churn for converted pilots
“By far we estimate that our children should be like around one, two percent per month for those customers who, you know, converted from a pilot to a yearly contract.”
Konstantin Bayondin Mar 15, 2022 ▶ 13:28 100% YoY Growth to $1m Today, Raising $5m on $30m Post
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