[We originally sent the following to our mailing list subscribers 11/30/23. Added to website 12/24/23.]
Revenue: $2,998 ($1,486 MRR)
Burn: $26,379
Cash In Bank: $839,676
Runway: ~19 months
After 20+ crashes, a desperate post to RC Reddit, and hundreds of hours:
This little plane just got dropped from a drone and flew itself back to us. 3 times! If you know someone who wants to fly a fancy sensor payload up to 30km high and get it back, please introduce us. We're literally the only option they have that costs less than $250k and 6 months+ custom development (and we're a lot less).
Here's what localized cooling will look like, but higher in the sky:
Somewhere between Karl the Fog and a patio mister, we want to test this out at an event: hot, outside, 200+ people. Let us know. Taylor Swift's next tour?
Andrew worked on a new landing page (feedback welcome) and paused on ad spend, instead hiring an agency to help increase conversion rate and reduce CAC. 3 corporate meetings and no conversions.
This month, we will:
- Sell at least $5,000 worth of Cooling Credits.
- Talk to 10 potential customers about Karl (our future localized cooling product).
- Deploy over 3,000 Cooling Credits (orders from last several months).
- Get a payload to return to us from a balloon.
It's been a hot year, and it's going to heat up a lot more before we can cool things off at scale. Time to launch *a lot* of balloons:)
To the stratosphere and back,
Andrew and Luke