What are Duffl's investment priorities after its Series A funding, and what milestones are critical for fundraising a Series B?
David Lin
Co-founder & CEO at Duffl
The biggest investment is definitely in the team. At the start of last year, we had one full-time employee, and that was my co-founder. He left. Now it's about using the team we've recruited, like my entire new leadership team, and getting to the revenue and metric milestones that we need to raise a Series B.
We want to be doing $7 to $10 million by May in run rate, and then 2-3Xing that by October. Right now, we're going through the annual planning and budgeting process, but making a huge investment around launch and team.
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