Is there an interest rate and how much is it? I'm not a big fan of interest rates, so I hope there isn't any here?

Hi Mohammad, through our convertible note vehicle, there is no interest in the first 6 months and after that period if the round is not closed you will have a favorable interest (you will get the interests, not pay them) here is some information from Wefunder about the convertible note vehicle https://help.wefunder.com/contracts/304786-convertible-note

Good concept! What's your roadmap to be cash flow positive or what's your break even revenue level?

Hi Mirko, Thank you for your interest! We have a clear roadmap to achieve cash flow positivity within the next 18 months by implementing two new revenue strategies, optimizing some structural costs, and fine tuning our acquisition funnel. I would be happy to provide more details and discuss our financial plans further in a call https://calendly.com/at-lastbasic/30min

Hey - thanks for offering us the opportunity to invest, fascinating concept, amazing unit economics...can see the opportunity from so many angles. A few questions: (1) what was your 2022 revenue and how are you trending so far in 2023 year-over-year growth? (2) how does this b...

Hi Eric, really sorry for the slow reply, and thank you so much for your interest in investing. We're thrilled to hear that you see the opportunity Let me address your questions: In 2022, our revenue reached €350K. As for 2023, we are currently projecting a 50% year-over-year growth rate, which is very promising. We have a robust growth strategy for the next years, which includes expanding our customer base, entering new markets, and introducing AI product features an a Subscription service o...

Hello - first of all, congratulations! As someone who worked for one of your competitors years ago, it's nice to see that the open innovation market can still generate refreshing concepts! It's a very tough market, though. I would have many questions, but my first one (it's ac...

Hi Renato, thank you for your question. I appreciate your interest, and I'm more than happy to provide further clarification. If you have any other questions, I would be glad to address them during a brief call. You can schedule a convenient time for us to chat at calendly.com/at-lastbasic/30min. Regarding the valuation of our company, there are various approaches, and in our case, we have utilized a 12x multiple on our projected ARR for the upcoming year. It's important to note that the conv...

Do you have a list of engineers who participate in your platform? An anonymized list would be fine if you include educational background and experience for each. I'd be interested in the same information about the founders. Thanks.

Hi Russ, I'm afraid I can't share that information here, But I will happily jump into a meeting to see those details, here is my calendly link; calendly.com/at-lastbasic/30min

LastBasic

The platform that enables inventors to create prototypes 10x more affordable

lastbasic.com

Madrid, Spain

Eu Technology Marketplace Hardware B2C

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Invested €25,000 this round + €25,000 previously

Technological evolution is dependent on the ideas of the individual. Last-basic is a revolution for the construction of the idea, a change for technology consulting. The revolutionary potential of Last basic lies in: Democratization of technology consulting through a unique system of relationship between inventors and engineers. The generation of a space, both inventors and engineers, where to share and nurture from peers. The automation of a highly complex process, allowing the inventor to maintain proximity and attachment to his invention throughout the entire process. Be part of the change, support last-basic.

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