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You are the CFO of Millie Tech Ltd. outline a capital raising strategy from 3 different sources describing how and why each one is applicable
You are the CFO of Millie Tech Ltd. outline a capital raising strategy from 3 different sources describing how and why each one is applicable to this specific company.
Company name: Millie Tech Ltd.
- Investment required: $250,000
- Equity Considered to be offered for this investment: 20%
- Product: Wearable device for animals that translates noises they make into simple, English language audible demands
- Idea: Innovative, Scalable, Targeted to growing segment
- Target Market: General consumers
- Prototype: Beta phase launched
- Patents: Pending
- Management Team: Experienced, Motivated
- Strategic Relationships: development partnership Buffalo Bill & Precious Inc., a well established community dog training company
- Product Rollout or Sales: Patent is still pending
- Founders Investment to Date: $180,000
- Profit: $0
- Revenue: $50,000
- Management (Option Pool): $0
- Industry (Price/Sales) Ratio: 7.5X
- Estimated Average Value of Successful Startups in the region: $1,300,000
- Expected Sale Price on Exit: $21,000,000
- Investors Required ROI: 10X
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