Deal Abstract

MSBAI
The Ultimate Engineering AI Assistant

Engineer is building Jarvis for real-life engineers. Pre-product, pre-revenue, but with growth opportunity as with all startups.

Financials (VRB)

Question Notes
1. Fundraising Target? $1070000
2. Fundraised So Far? $420494.84
3. Pre-Money Valuation? $5984000
4. Previous Year's Annual Revenue $0
5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash) ~$-32500
Source

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: Los Angeles, CA
2. Has at least 2 founders? True: Two
3. Has product in the market? False: Raising to go to market
4. 6 months of continuous user growth or 6 months of revenue? False: Not in market
5. Notable investors? False: No prior investors
6. Post-funding, will have 18 months of runway? True: No burn
Source

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

Question Score Notes
1. Engineering? 2 Better but is it 10x better?
2. Timing? 3 Technology becoming more complex, if it works this timing is good
3. Monopoly? 1 Few customers, only 4 in beta
4. People? 2 Seems like team is well, but the fact that financials are from 2017-2018 not promising
5. Distribution? 2 How to distribute to these SMBs they're talking about?
6. Durability? 3 If they can build it, definitely stable
7. Secret? 2 GURU can provide a smooth enough interface to commoditize sophisticated hardware computing power for SMBs

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

1. Launch a product publicly; 2. Monetize; 3. Actually solve real problem

What the Risks Are

1. Lofty ambition, no product to demonstrate proof; 2. Complexity is very hard to solve, see Bubble and the no-code movement; 3. Business model risk, what would be the willingness to pay for this, even when the product is still not totally polished yet?

Bonus Muhan's Notes

Real life Jarvis!

Updates

This is where I’ll post updates about the company. This


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