Confessions of a startup: all our numbers, insights, everything

#1

Post by littke » Wed, Jul 02, 2014, 2:30 PM UTC

Confessions of a startup: all our numbers, insights, everything
lookback.io

Re: Confessions of a startup: all our numbers, insights, everything

#2

Post by instakill » Wed, Jul 02, 2014, 4:37 PM UTC

Man, what's with the x-axes in those graphs? Yikes those legal fees are astoundingly high. Any particular reason why? Really great post, thanks for sharing it.

Re: Confessions of a startup: all our numbers, insights, everything

#3

Post by ac2u » Wed, Jul 02, 2014, 4:42 PM UTC

Thanks for sharing. Always useful to know figures for perspective.

Re: Confessions of a startup: all our numbers, insights, everything

#4

Post by joshfraser » Wed, Jul 02, 2014, 4:58 PM UTC

I cringe at the money spent on lawyers and the PR firm, but bravo on the the transparency.

Re: Confessions of a startup: all our numbers, insights, everything

#5

Post by ahnberg » Wed, Jul 02, 2014, 5:14 PM UTC

Thank you for sharing. A very interesting read!

Re: Confessions of a startup: all our numbers, insights, everything

#6

Post by littke » Wed, Jul 02, 2014, 5:22 PM UTC

instakill wrote: post #2

Man, what's with the x-axes in those graphs? Yikes those legal fees are astoundingly high. Any particular reason why? Really great post, thanks for sharing it.

Hehe, they're weeks man! It's a bad habit we use in Sweden to always refer to weeks by number: http://www.timeanddate.com/calendar/?country=21

Re: Confessions of a startup: all our numbers, insights, everything

#7

Post by [deleted] » Wed, Jul 02, 2014, 5:23 PM UTC

instakill wrote: post #2

Man, what's with the x-axes in those graphs? Yikes those legal fees are astoundingly high. Any particular reason why? Really great post, thanks for sharing it.

[deleted]

Re: Confessions of a startup: all our numbers, insights, everything

#8

Post by datacarl » Wed, Jul 02, 2014, 5:24 PM UTC

instakill wrote: post #2

Man, what's with the x-axes in those graphs? Yikes those legal fees are astoundingly high. Any particular reason why? Really great post, thanks for sharing it.

(co-founder here) The lion's share of those costs are related to drafting the investment agreements. It is a lengthy process if you want to do it properly, especially if you haven't done it before. Usually you sign a term sheet first that roughly outlines the content of the agreement. The devil is in the details though, so the full agreement may take a couple of weeks to finish. Then there is due diligence, option pool, and a bunch of other stuff to consider before the deal is sealed.

Re: Confessions of a startup: all our numbers, insights, everything

#9

Post by gustaf » Wed, Jul 02, 2014, 5:34 PM UTC

Great post Jonatan - thanks for sharing!

Re: Confessions of a startup: all our numbers, insights, everything

#10

Post by instakill » Wed, Jul 02, 2014, 6:10 PM UTC

littke wrote: post #6

instakill wrote: post #2

Man, what's with the x-axes in those graphs? Yikes those legal fees are astoundingly high. Any particular reason why? Really great post, thanks for sharing it.

Hehe, they're weeks man! It's a bad habit we use in Sweden to always refer to weeks by number: http://www.timeanddate.com/calendar/?country=21

oooooooh. Now I feel silly.