Rom Lacritz

“What happened is that we actually said no the first time and they came back when pretty much tripled the amount.”

“Before anchor, I got an a really good offer from a early stage startup to be like co-CEO president. And I turn it down. The company is pre IPO now and the valuation of that is, yeah, it's in the fifty million dollar range.”

“I do see a lot of entrepreneurs that look at that relationship as I need to sell something to the investors. I need to show them always that everything is, is good. And that's, it's, I would say it's actually a small part of it.”

“If we had a bug in, in anchor it's not the first thing I do is not call my investors and tell them I had a bug, I fix it. I understand what's you know, what's, what's happening. And if it's interesting or important, and I think it may have long-term effects, t…”

“So before we raised funds, I probably invested somewhere around a 100,000 dollars. Give or take and then travel and design and building the product and infrastructure and stuff like that. We were three partners. So it's not including, you know, three salaries.…”

“With a different company, we also got an offer and we signed the term sheet and we kept going. And at some point we did the economics and we backed down while we were advancing to definitive agreements, we decided not to sell the company. It still exists.”

“I will say that the second runner up is, is Omnix where, where we're, you know, saving lives and actually tackling resistant bacteria that today kills 50% of the people that it touches. It has a hundred percent resistance.”

“And if you look at most startups from the idea in, in the regular life, not, not in 20, 21. Invest between I'll say six to 12 months from the moment they have an idea and start working until they find a partner and figure out what they're doing and being able …”

“For Anchor, we raised fifteen million dollars up to date.”

“So the first, so in the interview one of the questions we ask is if you had a coach, what would you want to work with him on and what would you want to improve? And then when, if he starts working at the company, we actually go back to that and said, okay, let…”

“Nobody really uses check-ins and Foursquare and events on Facebook. It's not really a thing. Nobody really connected between the real world and the social world in the location-based data cause theoretically you have so much data who goes where and what type o…”

“In my head though, my next company would be bootstrapped and we'll take it all the way bootstrapped.”

“We got to a point that we had a few hundreds of thousands of dollars in the bank account. And we chose to stop.”

“My most expensive mistake was so privately, so it was not selling shares in, in one of my companies when I could, and I lost somewhere around three million dollars.”

“No, so we, not yet. We're on the way.”