I am confused about the dates. If they are doing $3.6M revenue run-rate, that means revenues are $300k/month. Why bother wasting the time to raise what amounts to 6 weeks of earnings?
This is correct, we had a $150k run rate when we raised (and pitched with this deck) and the $3.6M figure was a projection (and clearly one which was rather ambitious!).
I was confused by that, too. I am sure it made sense in the context of their pitch (due to WHEN it was made), but the "milestones" slide didn't indicate which items had occurred vs were simply goals.
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I am confused about the dates. If they are doing $3.6M revenue run-rate, that means revenues are $300k/month. Why bother wasting the time to raise what amounts to 6 weeks of earnings?
It looks like they raised their round in 2011, when their run rate was $150k. The dates in green in that slide are projections.
This is correct, we had a $150k run rate when we raised (and pitched with this deck) and the $3.6M figure was a projection (and clearly one which was rather ambitious!).
What are current revenues if you don't mind me asking?
Just over $100k/month.
http://techcrunch.com/2013/04/25/buffer-scheduling-service-n...
Yep, exactly. April revenue was $115k.
Fantastic openness. Thanks.
Companies have costs, nothing is 100% profit.
Revenue is Sales
Revenue > net profit
Revenue > cash flow
net profit != cash flow
Edit: I missed the bullet point about their 97% margin. 97%! Probably gross margin, but still...I am in the wrong industry.
I was confused by that, too. I am sure it made sense in the context of their pitch (due to WHEN it was made), but the "milestones" slide didn't indicate which items had occurred vs were simply goals.