Sramana Mitra: Did you raise the seed round through your own network or through a startup network? Felix Rodriguez: We had a process to raise funding, and they certainly made introductions. But I had taken matters into my own hands. I was inviting investors to Demo Day. I sent out a cold email to Pat Matthews,
Sramana Mitra: What you’re talking about is there are certain categories of businesses that are not bootstrappable. Felix Rodriguez: That’s right. Sramana Mitra: Being a FinTech company as a lender is not necessarily a bootstrappable business.
Sramana Mitra: And in those four months, what kind of metrics did you have to show to be able to raise the series? Felix Rodriguez: I’ll never forget how the numbers went. In the first month, our revenue was $4K. Then it was $16K, $40K, and then $80K. It was really a driver of if I
Sramana Mitra: Okay. What were the other startups that you were working on at this point? Felix Rodriguez: Immediately after that, we were thinking that for this company that has over 50 people, what could I and a couple of other engineers build that’s more automated. We were really passionate about automation. I think people call
Felix has done nine ventures and sold several of them. He is currently building a venture-funded,AI-enabled FinTech venture. Really intelligent, scrappy maneuvering in various alleys of online entrepreneurship.