""When I mathematically modeled it, I found this absolutely compelling," he said."
""When you become a billion-dollar revenue company, you need another billion in order to grow to the next billion," he said."
""That's why most of the DTC companies, if you look at the capital burn, it is huge.""
Musely, a telemedicine platform, has raised over $360 million from General Catalyst's Customer Value Fund without diluting ownership. Founded in 2014, Musely transitioned to prescription skincare in 2019 and has been cash flow positive. The funding model involves a revenue-share agreement rather than traditional equity stakes or loans. This approach is more favorable than standard bank loans, allowing Musely to grow its customer base without significant capital burn, which is common in direct-to-consumer brands.
Read at TechCrunch
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