Automatic Deal Memo (Closing Date: 2021–04–30)

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Deal Abstract


  1. Fundraised So Far? $557154
  2. Pre-Money Valuation? $13000000
  3. Previous Year’s Annual Revenue: $24790
  4. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $4495

Six Calacanis Criteria

  1. Has at least 2 founders? True, Two
  2. Has product in the market? True, Modest revenue and profit
  3. 6 months of continuous user growth or 6 months of revenue? False, Also, very modest revenue
  4. Notable investors? False, David Weisburd from The Boardroom, but ¯_(ツ)_/¯
  5. Post-funding, will have 18 months of runway? True, Profitable!

Seven Thiel Tests

  1. Timing? 2, Good timing, brokering financial services makes sense
  2. Monopoly? 2, Good adoption
  3. People? 2, Good team, though no obvious wins
  4. Distribution? 3, Selling b2b to car sellers
  5. Durability? 3, Network of auto loan lenders and providers is defensible
  6. Secret? 2, The money to be made to brokering auto loan providers and takers is going to be a $1bn business

What Has to Go Right

What Could Go Wrong

Muhan’s Bonus Notes

Investment Decision Teaser

So, did I invest?

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