Lotus (YC S22)

Automating custom usage-based pricing for businesses

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Technology, Financial Services
Min Investment
$100
Location
San Francisco, CA
Expected Close Date
April 30, 2023
Target Raise
$25.00K-$124.00K
Security Price
$1
Website
uselotus.io
Number of Employees
2
Cash
$50
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Key Deal Facts

Team of former quants from MIT
From first commit to launch in 3 months
$1m raised
3 design partners already secured

Management Team / Advisory Board Bios

Mikael Nida Co-Founder & CEOMikael graduated from MIT with two degrees in CS and Physics and has worked at a range of companies from D.E. Shaw to Lyft. He saw how efficient pricing models could be when paired with large amounts of data., Diego Escobedo Co-Founder & CTOGraduated from MIT in CS and Engineering. Previously at Google, Goldman Sachs, and Citadel. Sound foundation in ML research, algorithms, and systems.
Amount Raised : $958,109
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment