Question 1

Hi, congrats on your success to date and interesting use case for AI. My questions are about the execution: 1. How long does it take from start to finish to paint a customer's nails (assuming ten digits)? 2. Can the robot do a full manicure including removing nail polish, cutt...

Accepted Answer

Hello LD, Thank you for your questions. 1. It takes about 30-60 seconds per nail for actual painting. Once you get the hang of the experience, people can get all 10 fingers done in under 10 minutes. For first timers, there’s a bit of a learning curve, so we recommend setting aside about 20 minutes. 2. The robot currently removes regular nail polish and paints nails. We will also do gel nail polish and designs in the near future (no hardware changes are needed for this and this is included in ...

Question 2

Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?

Accepted Answer

Hi Teddy, Thanks for your questions. You can see all of this information, and more under the “details” section here: https://wefunder.com/clockwork/details Since then our burn has improved from $270k/month to $226k. You can see our institutional investors and all our amazing angels on the main page (everyone except XFactor and Julie, who were our earlier investors, have invested at the early bird terms valuation). Arash Ferdowsi, the co-founder of Dropbox and former CTO is leading the regulat...

Question 3

The achievements and progress of your team are indeed impressive. I wanted to know more about 1. Founder Investments: Could you provide details regarding the cumulative capital invested by the founders in Clockwork until now? 2. Product Upgrades: With regard to the product roa...

Accepted Answer

Thank you for the kind words Khushbu. Answering your questions below. 1. I provided some early capital for the company $29,500 that you can see in our financial section. Aside from that, my cofounder and I went a while without paying ourselves, and only began to pay ourselves (well below what we would make in an industry job) after we raised our seed round. We think of investment not only in terms of capital but in how much of our lives we’ve dedicated to building this company. 🙂 2. We can pr...

Question 4

Hi there! My name is Kevin and I run a startup investing blog called CROWDSCALE. I'm interested in interviewing Renuka or Aaron for an upcoming article. Can you reach out to hellocrowdscale@gmail.com if you'd like to connect? Blog for reference: https://crowdscale.beehiiv.com/

Accepted Answer

Sharing with our audience: https://crowdscale.beehiiv.com/p/clockwork

Question 5

good stuff! you did a very good job explaining things on the video. very impressive team! 1. the machines how long does it take to make one? 2. if you can say how much does it cost on average to lease one? 3.how often does someone put the colors in the machine 4. where ever yo...

Accepted Answer

Thank you for your questions and for investing, John. Apologies for the delay here, been deep in sales calls. Answering your questions below. 1. To date, we’ve been building robots in-house at our San Francisco Office. To scale, we’re now moving to a contract manufacturer (this will take a few months to onboard). And in Q1 2024, we hope to ramp up production with our manufacturer. 2. The lease consists of an upfront fee, a monthly fee, and a percentage of revenue from end-users. Depending on ...

Clockwork

AI and robots for the $625B beauty industry

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Clockwork

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