Rejected, Fintech, over U$100k MRR, started 11 months ago. 3 strong co-founders, 2 recommendations from ex-YC’s

[jim1960]

@anwen Hey! I'm from Brazil as well... Let's connect? I sent a DM to you.

 

[dmtboi]

@jim1960 Oie! Também sou do Brasil

 

[jim1960]

@dmtboi Claro! Respondi a mensagem

 

[anwen]

@jim1960 Just replied, let’s connect!

 

[david6184]

@anwen another Brazilian! Would love to connect and hear more about the product! Also, good luck!

 

[evan777]

@anwen Congrats on the traction. Revenue >>>> YC

 

[anwen]

@evan777 Thank you!!

 

[wingnut0731]

@anwen Sounds nice, that’s weird you were not invited for an interview. Anyway, you better go fundraising, you’ll make it for sure.

Also a quick question if I may: VC’s reached you or you did? If they, then how did they heard about you?

Thanks!

 

[anwen]

@wingnut0731 They reached out to me when I updated my LinkedIn to Co-Founder

 

[raykelley]

@anwen Well, I am fundraising and no one has ever reached out to me like this. Sounds good! Can you share your website? Thanks

 

[anwen]

@wingnut0731 We explained that we were not raising at the moment, but we would prepare for it very soon. They liked the numbers and product, asked us to keep them updated.

 

[wingnut0731]

@anwen Good luck, you’ll succeed for sure.

 

[dmtboi]

@anwen Hey! We were also rejected (non 10%), B2B Saas, 3 recommendations from ex-YC's. We are building an Influencer Marketing platform in Brazil. We should chat!

 

[anwen]

@dmtboi Let’s talk! Just dropped a message.

 

[universalistanthony]

@anwen My guess is:

• your valuation might be too high. YC aims to invest at a $7M-ish cap. With $75K MRR you are heading towards a series A with a $12M to $20M valuation.
• Fintech lost its interest from SF venture funds. They are all talking about AI and nothing else. As an AI founder i can acknowledge this.

So i have never been accepted to YC so this is guesswork, but i think some YC alumni here will recognise what i am referring to.

 

[athanasius1007]

@universalistanthony I agree. They're probably too far along at this point.

 

[boxofficerevolutionary]

@universalistanthony Where are you still seeing those valuations? SaaS multiples are around 5-8x sales in this market unless there is exceptional growth.

 

[mariafrances]

@anwen Feeling like bulk rejection without reviewing applications after selecting AI wrapper companies.

 

[ryanc]

@anwen Contact private seed/early stage investors in your market via LinkedIn
From Portugal here

 

[platinum12]

@anwen Are you looking for help in Growth? I used to work for YC W’19 batch company. Doing freelance gigs these days.