What it takes to raise $5.5M from nothingㅣBusiness Canvas team documentary - Summary

Summary

A possible concise summary is:

The video is about the founders of Type, a software that helps users write documents with various sources of information. They share their backgrounds, challenges, vision and achievements as entrepreneurs. They also explain how their product works and what impact they want to make in the world.

Facts

Here are the key facts extracted from the text:

1. The text is a transcript of a video about the founders of type, a document collaboration software.
2. Type was founded in 2020 and has raised 7 million US dollars so far.
3. The CEO of type is Susan Kim, who dropped out of high school in South Korea and went to France to become a film director, but ended up running a social association and then studying business management in Paris.
4. The co-founder and head of product of type is Brian Lee, who co-founded another company called levelstar that aimed to help single mothers in the Philippines with education and work opportunities.
5. The other co-founder of type is Wujin Kim, who quit his consulting job on the day he got a promotion and started pitching his idea of solving the problem of business plans without having a prototype or an MVP.
6. Type uses a method called the mom test to ask users non-leading questions and find the fundamental reason why they have a problem with document writing.
7. Type also uses a strategy called lifetime pass to sell 100 tickets for 100 bucks each without having a tangible product and convince investors of their market potential.
8. Type has users from over 150 countries and 30,000 users around the world, and it allows users to collect and reference different types of files directly while writing a document.
9. Type's vision is to serve as the team's second brain and to connect all different types of information and knowledge together, similar to how the human brain works.
10. Type's culture is based on radical transparency, mutual respect, having fun, and being like honey badgers who don't give up and go for what they want.