Don Mal discusses the initial capital raised to launch Vena Solutions prior to institutional priced rounds.
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“That early round, we raised over a million dollars with friends and family to launch the business.”
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More from Don Mal
Disclosure
Vena Solutions launched with a $10 million seed valuation
“So right out of the gate, we value the company at ten million dollars.”
Don MalJun 18, 2017▶ 5:37694: Why 1 Year Payback Period is Important From $50M Funded CEO
AssertionNot checkable as stated
Vena Solutions projects a customer LTV of $400,000 to $500,000
“And so we do, you know, sort of Project a customer staying with us for as up to 10 years. Imagine, you know, four to 500,000 dollars with a lifetime value.”
Don MalJun 18, 2017▶ 11:58694: Why 1 Year Payback Period is Important From $50M Funded CEO
Disclosure
Mal would reject a $150 million acquisition offer for Vena Solutions
“No.”
Don MalJun 18, 2017▶ 15:44694: Why 1 Year Payback Period is Important From $50M Funded CEO
AssertionNot checkable as stated
Vena Solutions is growing over 100% year-over-year
“What we know is that we're growing at greater than a hundred percent year over year.”
Don MalJun 18, 2017▶ 1:26694: Why 1 Year Payback Period is Important From $50M Funded CEO
AssertionNot checkable as stated
Vena Solutions generates around $50,000 per customer annually
“Yeah, so we're getting around 50,000 dollars per year per customer, so, you know, break that down 4000 a month, I guess, roughly.”
Don MalJun 18, 2017▶ 4:31694: Why 1 Year Payback Period is Important From $50M Funded CEO
AssertionNot publicly verifiable
Vena Solutions has raised roughly $49 million in equity and debt
“So if you look at the total combined investments to date, it's right around forty nine million.”
Don MalJun 18, 2017▶ 8:08694: Why 1 Year Payback Period is Important From $50M Funded CEO
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