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SaaS Interviews with CEOs, Startups, Founders

Why he raised $150k at $4m Pre Seed Round

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 28 February 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

App helps chronic condition patients

Transcript

Click on a timestamp to play from that location

0:00.0

There's no revenue. We're not looking to make any money on it for about the next two to three years.

0:06.9

It's entirely going to be funded for growth at this point.

0:12.8

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

0:21.9

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0:25.8

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0:29.5

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0:34.8

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0:38.4

It's like a big Excel sheet for all of these podcast interviews. Check it out right now at

0:42.6

getlatka.com. Hey folks. My guest today is Nick Afosio. He is the chairman and founder of Fibo,

0:50.8

a health toolbox SaaS app used globally by chronic condition patients to help make

0:54.6

life a little easier. After obtaining his biochemistry degree, he worked in several positions and is the

0:59.1

CEO of FOMAT medical research in addition to his role at Feebo. Nick, you're ready to take us to the

1:03.9

top? Let's do it. All right. So if people want to follow along, it's Feebo, F-E-E-O-Health.com. Tell me who's paying for this product. How are they using it?

1:13.8

Right now, it's entirely embedded. There's no revenue. We're not looking to make any money on it

1:21.2

for about the next two to three years. It's entirely going to be funded for growth at this point.

1:28.2

Okay, so how are you paying bills?

1:30.0

Have you raised a bunch of capital or what?

1:31.6

Yeah, we've been raising.

1:33.2

We just finished our safe round.

1:35.1

We hope we're subscribed it, actually.

1:37.3

So we're pretty excited about that.

1:39.2

How much did you raise?

...

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