Raising Capital for Financial Butler A Bryan Stroube Michael Bikard Ken Mark 2017
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This case study is about Financial Butler A Bryan Stroube Michael Bikard Ken Mark 2017 (Case) In November 2016, Bryan Stroube, Michael Bikard, and Ken Mark founded a startup called Financial Butler. This business provides an AI-powered virtual assistant for financial advice and tax preparation to individuals and businesses. It has been operating since August 2017. Financial Butler has raised $500,000 in capital, mainly from individuals in the San
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Financial Butler, a productivity software designed to help small business owners and individuals track their income and expenses, has been generating significant interest on the startup scene for several years. The product has attracted over $3 million in funding from investors, but has yet to find a solid user base. Here’s the plan. Financial Butler (financialbutler.com) is a mobile application designed to make managing personal finances easier and more efficient for individuals and small business owners. The app is available for iOS
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The author tells a story of financing a small, new financial company by raising money on Kickstarter. The story is simple, but also powerful in its portrayal of the author’s own experiences. “At first, it was just a joke,” Stroube says. “We were going to write a check to each of our families, so the story was ‘my wife had a kid, and then my kid had a kid.’ But then we realized that we had a great business idea.” The author also writes about a few friends who helped them
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“We are proud to announce that our company, financial butler, has closed its first round of investment.” We will get into more details about our investors, but we have already been in contact with our new partners, as you can see from this first-person narrative. Our management team had a few initial meetings with potential investors, but it was quite challenging finding the right partners. We had some concerns about this process, especially about our startup and our long-term plans, but eventually we found a group that we are truly grateful to
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Investor Research Summary In January 2017, Bryan Stroube published a research note titled “Financial Butler (FinB) – 3 Reasons to Buy Now” in which he argued that “The Financial Butler AI System provides a unique and innovative service to its investors by utilizing advanced artificial intelligence algorithms to analyze and automate traditional stock investing processes.” The company was formed in 2015 by Bryan Stroube and Michael Bikard, both ex-Merrill