Ofosio: FEBO Health raised $160k SAFE round at $4M valuation
Nick Ofosio · Why he raised $150k at $4m Pre Seed Round · Feb 28, 2022 · at 1:41
Nick Ofosio, founder of FEBO Health, discusses his company's initial funding terms and runway with Nathan Latka.
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“It was a 160,000. Safe round one at four million dollar valuation. And the, that was, that will take us to roughly about end of June.”
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“Apple, for them to move the needle, they have to focus on a larger audience. And we are not focused on a larger, or like, you're not my customer. I mean, I don't know whether or not I'm assuming here, but we're, our customers are the chronic condition patients…”
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“We're spending about the national average is two 80. We're right now at like one 70 something.”
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“Yeah. So, you know, seven, eight figures. ... Somewhere around those figures. I mean, I don't want to enter into too much of those details if you may, if we may.”
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“I don't know how, I don't have any direct number for you. I would guess somewhere in five to seven 50.”
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“A, entirely anonymous, entirely encrypted, double encrypted. You don't need to even put a name to it. You don't need to put an email, like you don't even have to create. You can have it be entirely fake, or you can put a wall, like you can put a different pict…”