Question 1

Hello! Interesting company and thanks for the opportunity to invest. A few questions: 1) What has to go right for you to hit $100mm in annual revenue? 2) What is your current monthly revenue and how has it trended over the last few months and YoY? I really appreciate your time...

Accepted Answer

Thanks for the questions Senitiki! 1) Before Pinwheel reaches $100M in revenue (~14x growth), we will add distribution channels so customers can find us in more places, for example, retail stores. Additionally we will expand internationally to help kids and families outside of the United States. :) 2) In August 2023 we notched $604,000 in revenue, and $223,000 of that was from our software subscriptions (up 40.6% YoY from August 2022). July revenue was $504K and June revenue was $479K. Let's ...

Question 2

Hi Dane, Went through a few online reviews and one issue I saw a few times is around the difficulty to connect with a Google Family Link account. Have you addressed this? Is it even addressable? Thank you.

Accepted Answer

Hi Senitiki, This is the best and latest information on the topic! https://support.pinwheel.com/hc/en-us/articles/16888152488475-Google-Family-Link-and-Pinwheel

Question 3

As a Pinwheel parent, I am a big fan of the solution. I think your revenue forecasts are probably pretty accurate. What is missing is any explanation on a path to profitability. You more than doubled your revenue from '21 to '22, but you lost even more money in '22. Is there a...

Accepted Answer

Pete, Great question! You are after my own heart, as I do believe that businesses should exist to make money. However, the general theory of venture capital is not a bad thing (that you burn money in order to grow). So anytime you are looking at a company burning money, the question should not only be "how much money did they burn", but "how much growth did they achieve with that burn" (imho). This is captured a number of ways, but one way would be the "burn multiple", as popularized by VC Da...

Question 4

I've been a Pinwheel parent for about 15mos now and I'm quite satisfied with the parent experience. The scheduling, routines, contact control, and ability to see text history in real time is fantastic. That said, my eleven year old is not satisfied and I can't blame her. While...

Accepted Answer

Amanda, thank you for being here with us over the last 15 months and trusting us with your child. I hear you on the "growth with the child" front. If you would, please see the answer to Summer Taylor below around content availability coming soon to aid in this regard. I would also mention our AI monitoring progress is strong, and we expect that to launch that before long as well to further help you! If you have more feedback, please reach out to me at firstname at our domain (founders emails ...

Question 5

Is there interest paid on these convertible notes, and if so, what %?

Accepted Answer

There’s an 8% interest rate on the Note (and $23M / $26M cap with a 20% discount rate)

Pinwheel

Smartphone Operating System Optimized For Kids & Teens

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