It is hard to realize it in the moment, but looking back, I am now grateful for the countless passes I received from investors. Today we closed out Q1 with another profitable month and here's why: As a solo-female (and non-technical) founder, it’s safe to say I’ve been given every excuse in the book from VCs as to why they passed on Locker. As an early stage company, we were told “come back to us when...” (insert some caption about revenue or traction), when my male counterparts were raising millions on just an idea or zero in revenue. The hundreds of passes, series of due diligence calls, and general scrutiny only pushed me to get scrappier and prove them all wrong. I was forced to find our revenue streams, get my foot in the door with affiliate networks, agencies and brands (thank you Chris Arreguin). Forced to build sustainable brand partnerships with realistic placement fees and outperform each time so the brands would want to continue to work with us. We first hit profitability in November 2023 and maintained profitability in December 2023. We expected a lull in Q1 as we were growing the team and expected to experience the typical post-Q4 shopping slowdown, BUT we did it again in March 2024. So to the investors who passed on us, thank you for making me dig deeper, and to our incredible investors who do believe in me and Locker, also thank you - I am beyond excited to continue to prove why Locker exists. As a user told us today in an interview, "Locker is more than just a fun platform, I literally use it everyday - it's a community and concept that has quite literally altered my passions and career trajectory. I don't know what my friends and I would do without it." We're ready for Q2! #consumer #consumerbehavior #startup #fundraising #femalefounder #consumertech #onlineshopping #vc
This is the most encouraging thing I've read today as a solo, non technical, female founder (who is building a cycle syncing app, so male investors don't know a lot 🙃 )!! Thank you for sharing!
Flat out IMPRESSIVE! Proud to say I got to meet you as you were hearing those no’s and even more proud to hear this update!
You’re so real for sharing these experiences. And so fierce to keep pushing on 💅
This is so inspiring and I am so glad you are sharing this! My shopping life is not the same without Locker.
love
As a female almost-non-technical founder, I really feel you and I LOVE seeing your success. Onwards!
You're absolutely killing it with Locker! It's great to watch your journey unfold. Can't wait to see how far you'll take Locker this year!
This is so inspiring!!!
Co-founder & CEO @ Valence Vibrations | building real-time emotional subtitles
8moI love to see it 🚀