And then obviously you want to be smart with how you spend the money because delusion is a real thing.

So when you guys raised the 1.3, I mean, was that like a 4 or 5 million valuation, something like that?

It was a 7 million valuation cap on a safe note.

And that is, yeah, post money.

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

If you'd like to subscribe, go to getlatka.com.

We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, Kack, valuation, or other metrics, the easiest way to do that

is to go to Gitlatka.com and use our filtering tool. It's like a big Excel sheet for all

of these podcast interviews. Check it out right now at GitLabka.com. Hey, folks, my guest today is

Ryan Salerno. He's a CTO and one of the three co-founders of

Chimney. Before Chimney, he was a self-employed developer, building a variety of projects,

scheming to turn one of them into a viable recurring revenue earning business. He also taught

coding classes at General Assembly, and before that worked at Newsgrid, where he met his wife

and co-founders. All right, Ryan, you ready to take us to the top? Let's do it. All right. So what is Chimney? What are people paying you for?

So we launched, so we have two products. The first product we launched with are financial

calculators that are embedded on bank websites. So when people have questions like, how much

home can I afford, should I rent or should I buy? What are my retirement savings

going to be? We have calculators that go on bank websites that help answer those questions.

So that was the first product that we launched with. And now, after working with maybe 60

different financial institutions, then looking at the data, the data was screaming at us,

mortgage, mortgage, mortgage, mortgage. And so now we're building a new tool for homeowners,

existing homeowners. So they can track things like how much home equity do I have? Can I click

...