Question 1

I have a question regarding the valuation. What exactly does the $11M valuation cap mean?

Accepted Answer

Thanks for this question, we're happy to answer it! A $11M post-money valuation cap in the context of startup funding typically refers to the maximum valuation at which investors are willing to convert their investment into equity during a future financing round or exit event. Let's break down the components of this term: 1. Valuation Cap: This is the maximum valuation at which the investment will convert into equity when certain triggering events occur. In simpler terms, it acts as a cap to ...

Question 2

How does the panda “remember” the user? Can you give an example?

Accepted Answer

Great question. With each check-in and every conversation, the Earkick Panda assesses the mental health state of the member and can extract contextual information. This information as a whole then forms Panda’s memory. For example, when you tell Panda that you had a bad day due to work, it will proactively ask you next time you interact with the app how your day at work was and whether you need any support. This not only makes conversations more seamless but also avoids having you repeat your...

Question 3

Interesting concept! I was wondering whether other companies could copy your technology? Or how do you stay unique?

Accepted Answer

Thanks Nadine, very good question. Our USP is to combine real-time measurements of mental health with in-the-moment support using unique technology. The uniqueness comes from both good-quality data and top-notch engineering. Our system is designed in a modular way, which allows us to replace certain modules with new state-of-the-art technologies. Having said that, it's extremely challenging for others to copy us. Our measurement technology alone is more than 3x faster and more accurate than o...

Question 4

Can you discuss revenue data? ARR, 2023, projected 2024?

Accepted Answer

Thanks for your question Adam. We follow a strict startup playbook that already worked out in my previous companies and in the companies I advise. It's based on the book Lean Analytics by by Alistair Croll and Benjamin Yoskovitz. It suggests to startups due to their limited resources to focus on one metric at the time and then switch to the next one. In the past we focused on product market fit, then on retention. Both are now in the green. Our current focus is organic user growth and we're m...

Question 5

Hi, Herbert, I think this is a great concept. May I ask what data and training model (generally speaking) your team have used to develop Panda? would it be possible to share some background of the your tech team behind panda if you do not mind. And what's panda's advantage ove...

Accepted Answer

Thanks Nick for this valuable question. We have trained our tech on over 10Bn real-life data points and we could validate that our approach is improving our members' mental health by over 30% in 160 days. We tested against Open AI and other Large Language Models and have received best grades. Our solution is not only the chatbot, but it's complemented by insightful statistics, a habit tracker, breathing and meditation sessions, important insights, weekly summaries, a music mixer for sleep etc...

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