Please explain how you calculate a $5mm valuation? Seems high, so I must be missing something... Thanks!

Early stage valuations are definitely more art than science. If we continue on our current growth trajectory, we will generate ~$2.5M of revenue over the next 12 months. That translates to a 2x multiplier on gross revenue, which is actually pretty reasonable for a company with our margins (over 30%). Put another way, this is probably going to be a binary outcome; which means that a $5M valuation will either seem very low or very high.

Can you please clarify on why you decided to become political with your investor perks? You come to this website with the intention of raising money, but at the very outset, you all but alienate half of your potential investors.

Sorry about that. We had a number of poo bags printed a while ago and had some extras around the office. We felt this could be a fun way to spice up the fundraising campaign. I apologize if we offended; it wasn't our intention.

How to you guard against vet's " back soliciting" i.e stealing one of your customers?

Providing mobile vet care is a non-trivial endeavor. If a vet was going to 'steal clients, they would effectively need to start their own vet clinic. In addition to the logistical and financial implications of starting a vet clinic, the vet would also need to maintain medical records for three years (and be able to send those records to other clinics upon request). If they do not comply, they run the risk of losing their license. We have found that this requirement is a large enough hurdle to...

Can you provide some clarity into your 2016 revenue, and do you have any financial statements to support it? You say were doing $100k a month prior to summer, but the chart above shows total Q1 revenue to be around $225k. Also interested in seeing your response to Jonathan Lil...

We have done just under $600k of revenue to date in 2016 (Jan - Aug). We did $98k of revenue in April, and then the summer slow down started. We are already seeing an encouraging uptick in appointments and revenue now that the summer holidays are coming to an end.

VetPronto

On-demand, house call veterinarians

vetpronto.com

San Francisco, CA

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