The Ledger
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Kumar self-funded $800k into Juggle before acquiring a single customer
“If I can say close to 800,000 dollars.”
Kumar: Owning a custom chat and task system for $800k is a no-brainer
“Owning a custom chat system with a task for 800 K, I think that is a brainer, no brainer for me personally.”
Kumar predicts Juggle will leap from $1k to $1M revenue this year
“But we had under thousand last year, and this year we will be hitting one million.”
Kumar: Tech talent can only be evaluated through 30-to-40-day trial hires
“You know, you cannot judge by interview or you cannot judge by reading profile. You know, you have to hire them, take a risk of 30 days, 40 days, assign, see if they are compatible for your vision. That is the only way you can find the talent.”
Juggle is selling 20% equity for a $3M seed at $15M valuation
“I'm diluting 20 percentage of my company for the three million bucks.”
Kumar: Products achieve 100x to 1,000x more impact than service businesses
“Through product, we can able to impact under times or a thousand times more than what you do through service industry.”
Kumar invests up to $250k yearly testing products; Juggle is attempt five
“Through CapDigiSoft, always I invest under two quarter million every year to find the product which can impact millions of businesses. And Juggle is my fifth try on those process.”
Kumar: Juggle's Average Customer Has 200 Employees
“200 employees is my average. That is my average customer, customer size, employee size per organization.”
Kumar's social media announcement drove 500 company sign-ups for Juggle immediately
“So as soon as I published, I have 500 companies who signed up.”
Kumar: Juggle has 400 organizations using its platform
“So now we have 400 organizations using our app very successfully.”
Kumar: About 240 organizations signed up for Juggle from one conference
“I think 240, I would say, but I don't have exact number, but 240 organization signed up on that particular conference.”
Kumar: Juggle has raised $2.3M toward a $3M seed round
“We raised 2.3 million so far, but my seed round is three million dollars and we'll be closing three million dollars in the next few months.”
Kumar: Juggle burned roughly $105,000 last month
“I would say close to a 100,000 dollars, sorry, under and 5000 dollars.”
Kumar: Juggle charges $3 to $5 per user monthly
“It is anywhere between three to five dollars per user per month.”
Kumar: Juggle pivoted twice from dual personal and business focus
“We pivoted twice since we launched, you know, we launched as a personal productivity and also business productivity app.”
Kumar: Juggle gave three-month free trials after first customer
“We signed up the first customer, they're ready to pay, And we start focusing only on that one customer, what you want more. So we didn't onboard the second customer for a long time. And we didn't, and we gave three months free trial for every other customers.”