Deal Abstract

Invest in CountertopSmart
Republic is a startup investing platform where you can invest as little as $10 in impactful startups

B2B SaaS marketplace for... partial counter tops? Very cool Texas startup that is going after the inferior market and eventually trying to get a cut of all countertops raw slabs sold.

Financials (VRB)

Question Notes
1. Fundraising Target? $1070000
2. Fundraised So Far? $51880
3. Pre-Money Valuation? $8500000
4. Previous Year's Annual Revenue $315221
5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash) ~$-385989

The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)

Criteria Yes/No
1. A startup that is based in SV? False: Austin, TX
2. Has at least 2 founders? True: Two
3. Has product in the market? True: Revenue generating
4. 6 months of continuous user growth or 6 months of revenue? True: Revenue tripled from 2018 to 2019
5. Notable investors? True: Techstars
6. Post-funding, will have 18 months of runway? True: They need $450k to have 18 mths of runway

The 7 Thiel Questions (Every Time Man Profits, Don't Dismiss Serendipity)

Question Score Notes
1. Engineering? 3 Using SaaS to take a cost center into a revenue center
2. Timing? 3 Feels like good timing, more home rehab during COVID, people trying to save money, vendors trying to make more money
3. Monopoly? 2 No one else selling partial slab as it previously was a cost item
4. People? 2 Team seems fine but cofounder LinkedIns are a little sparse
5. Distribution? 3 B2B sales and then the businesses use the SaaS to sell their inventory
6. Durability? 3 Not seeing likelihood for any other B2B SaaS company to do this
7. Secret? 3 Monetizing waste e.g. partial slabs is the beachhead into turning a transparent full slab market going

What has to go right for the startup to return money on investment:

1. Navigate the line between collaborate and compete well; 2. Able to provide a quality customer service for what is

Want to read the whole post?

You don't have access to this post on Startup Investing for All by Muhan Zhang at the moment, but if you upgrade your account you'll be able to see the whole thing, including comments, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.