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💥Top Contributor
Hi Thisway, congrats on the successful raise. I ended passing on the deal but wanted to give you the opportunity to address my concerns: 1. Valuation Too Large: $25MM for a company that made $200k in ARR seems a bit large. How did y'all come to this valuation? 2. Amazon as Investor?: I wasn't able to verify that Amazon is invested in the company. Was it AWS? Was it an individual who is affiliated with Amazon? What partnerships are you establishing with Amazon based off this strategic investment? 3. Burning Too Quickly: Burned $1.8MM generating $208k in revenue. That's an astounding ratio. Can you explain how the $1.8MM was spent and how it generated outsized value for the company? Thanks in advance for your consideration, look forward to your responses. Bests, Muhan muhanzhang.com/thisway
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Founder/CEO
Muhan,Thanks for taking the time to consider investment into our company. 1) Valuation is via professional investor valuation based on a number of factors including deals in 2020. 2) Yes, it is through AWS. 3) We developed enterprise architecture, over 400 API's and ontological based AI matching for 48,000 different job types, executed 15 trillion matching events and secured native partnerships with Salesforce and others. Hope you have a great rest of your week.