Company Update June 2024

Hi,

I am having a high point. We failed to raise an opportunistic seed round, and it feels awesome. Due to the failure, we will get to “put your company in a lix repository” faster. Investors did not value growth on inlang’s side as much as progress on lix side. This means that we can break git compatibility now to accelerate lix.

Failure to raise an opportunistic $7M or even $14M seed round

Pass reasons:

• Many seed funds couldn’t participate in a $7M seed round

• Growth funds passed because monetization was not reachable in either scenario, increasing the risk of failing to raise a follow-up Series A ($20-40M) round.

What we are changing:

• Breaking away from git compatibility to reduce requirements and increase speed.

• A future seed will require less capital and get us faster to monetization.

Related memos:

• Inlang directories as lix repositories - Accelerating lix by years part I

• Lix on SQLite - Accelerating lix by years part III

Team onsite in Berlin for a git conference

We tested variations of pitching lix. At the end of the conference, we were known as the lix people. Success and guidance on what works and what does not:

• Comparisons lead to misleading anchor points e.g. “lix is like X” or “git for X”

• “Change control SDK” made click

Media

• The mother of all presentations from 2022 is now on YouTube

• The trillion-dollar presentation, which triggered the opportunistic seed fundraise, is now on YouTube