Have you considered adding a subscription model to your offering for services (in a bundle) that may occur regularly (e.g. quarterly or annually) and then allowing customers to pay via a monthly subscription fee instead of paying for each service? Not only should it increase y...

This is an area which has been discussed internally. We've also talked about bundling our services with retailers so when you buy a dryer, you can either add or it comes with a subscription for regular maintenance. We have not implemented anything yet but we will do so within the year.

Hi Victor, this sounds extremely interesting. How did you arrive at the valuation, USD 150m sounds high, 1x gross bookings. Best, Olof

We were looking at a 2021 GMV multiple of 1.5X vs. global consumer tech peers at around 2.3X. Coupang, a Korean e-commerce company that went public on the NYSE recently is trading at around 4-5X. Our growth rate is also better than our peers as we are on track to grow 2.5-3X this year.

At such a high valuation cap, can investors expect 10x return to investment form this Wefunder round?

Yes, we believe we will return greater than 10X at this cap. The cap is higher because we are further along in the company in terms of revenue and are still growing rapidly. We are on pace to grow 2.5-3X this year.

When /what time frame can Wefunder round investors expect conversion to equity?

We plan on raising our next equity round this Summer.

Is the service only available in Korea?

At the moment, we only provide our service in Korea but the plan is to launch Miso outside of Korea as well.

Miso (YC S16) Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

📈 Over 3 million bookings totaling over $150 million in gross bookings

🏦 Raised $11.5M including $8M Series A from investors like Y Combinator, Social Capital, AddVenture

💵 $10 million annual revenue run rate with 90% variable margins

🚛 Connected more than 350,000 customers with 40,000 service providers.

🎉 85% of our bookings come from repeat customers who love Miso

💪 $1.3M committed for this round on the same terms

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