<div class="portada"><div class="meta">Menteia · SAVANT AI · October 2026 · Confidential</div>

# Financial model and round

**SAVANT AI** — AI contact center on voice, WhatsApp and email that resolves (not just answers) mobile carriers' customer requests.</div>


## The offer
| Item | Value |
| --- | --- |
| Amount to raise | US$825,000 |
| Equity offered | 24.8% |
| Pre-money valuation | US$2,500,000 |
| Post-money valuation | US$3,325,000 |
| Gross 24-month spend | US$737,081 |
| 10% contingency | US$73,708 |
| Projected 24-month revenue | US$258,165 |
| Peak cash need (net of revenue) | US$478,916 |
| Cushion if revenue targets are met | US$346,084 |

The amount covers **24 months of gross spend excluding revenue** plus a 10% contingency. If revenue targets are met, the cushion extends the runway or funds additional growth without another round.

### How we arrived at the valuation
Slightly above the LatAm pre-seed average (US$2.1–2.2 M) because there is a paying customer and public metrics (63% containment, 430 calls in 30 days). Sierra and Decagon are US outliers and are not useful as anchors.

| Comparable | Actual data | Source |
| --- | --- | --- |
| Treble.ai (Colombia) | US$15 M Series A in 2022 (Tiger Global), no public valuation | latamlist.com |
| Yalo (Mexico) | US$50 M Series C in 2021; US$20 M extension in 2023 | yourstory.com; cbinsights.com |
| Decagon (US) | US$4.5 B in Jan-2026 (outlier) | bloomberg.com |
| Sierra (US) | US$15.8 B post in May-2026, >US$150 M ARR (outlier) [verify] | secondary press |

**Market references**

| Reference | Data | Source |
| --- | --- | --- |
| Y Combinator standard deal | US$125k for 7% on a post-money SAFE (≈ US$1.79 M post) + US$375k on an uncapped SAFE with MFN | ycombinator.com/deal; ycinsight.com/yc-deal |
| YC Winter 2027 deadline | 2-Nov-2026, 8 pm Pacific time; batch Jan–Mar 2027 [verify at ycombinator.com/apply] | buildmvpfast.com; blog.mean.ceo |
| Pre-seed in LatAm | Average valuation US$2.1–2.2 M (1H-2025); no verifiable public median exists for Mexico | equidam.com/startup-valuation-delta-h1-2025 |
| Pre-seed SAFE caps in the US | Median ~US$10 M post for US$250k–1M rounds (2025); 93% of pre-seed rounds are SAFEs | carta.com/data/state-of-pre-seed-2025-full-report; carta.com (Q2-2026) |
| Growth YC considers good | 5–7% per week in the main metric (revenue or active users) | paulgraham.com/growth.html |
| Default alive | At current growth and spending, does it reach profitability before the money runs out? | paulgraham.com/aord.html |

### Default alive?
Not yet. Current revenue is ~US$3.2k/month shared with KYC; the funded plan reaches ~US$23k MRR in 24 months, still below its cost. Revenue figures in this model are projections, not data; the only actual revenue is shown in *04_Traccion* (traction).

### Dilution if raised in tranches
- Full round (24 months): US$825,000 for 24.8%.
- First tranche only (12 months, US$400,000): 13.8% at the same valuation.
- Reference: YC gives US$125k for 7% plus US$375k on an uncapped SAFE.

## Use of funds
| Category | Amount | % of total |
| --- | --- | --- |
| Product and engineering team | US$345,892 | 42.7% |
| Sales, marketing and customer success | US$190,703 | 23.5% |
| Founders (time dedicated to the project) | US$91,070 | 11.2% |
| Infrastructure and AI compute | US$71,016 | 8.8% |
| Legal, compliance and tools | US$38,400 | 4.7% |
| Contingency (10%) | US$73,708 | 9.1% |

## Funded team
Gross monthly market salaries for startups in Mexico, shown in USD at an assumed exchange rate of 18.5 MXN/USD. Employer cost = salary × 1.35 (social security, housing fund, payroll tax and benefits).

| Role | Salary USD/month | FTE | Start | Cost USD/month |
| --- | --- | --- | --- | --- |
| Senior full-stack engineer | US$4,054 | 1 | month 1 | US$5,473 |
| AI / ML engineer | US$4,595 | 1 | month 1 | US$6,203 |
| Customer success / implementation | US$1,892 | 1 | month 1 | US$2,554 |
| B2B account executive | US$2,162 | 1 | month 3 | US$2,919 |
| Full-stack developer | US$2,703 | 1 | month 7 | US$3,649 |
| Support / operations | US$1,351 | 1 | month 9 | US$1,824 |

**Founders:** 20% of the three partners' time allocated to this project. Reference salaries: CEO/CFO US$5,135, CTO US$5,135, Legal US$3,784 per month.

## Operating expenses (USD/month, month 1)
| Item | USD/month |
| --- | --- |
| Infrastructure (servers, database, telephony) | US$1,200 |
| AI compute (LLM, voice, OCR) | US$1,000 |
| SaaS tools | US$400 |
| Legal, accounting and compliance | US$700 |
| Other (office, travel, insurance) | US$500 |
Infrastructure and AI grow 3% per month with volume.

## Quarterly projection
| Quarter | Revenue | Expenses | Net cash flow | Cumulative cash used |
| --- | --- | --- | --- | --- |
| Q1 | US$7,290 | US$73,090 | US$-65,800 | US$65,800 |
| Q2 | US$10,440 | US$79,522 | US$-69,082 | US$134,882 |
| Q3 | US$17,325 | US$92,886 | US$-75,561 | US$210,443 |
| Q4 | US$24,345 | US$97,129 | US$-72,784 | US$283,226 |
| Q5 | US$33,795 | US$97,723 | US$-63,928 | US$347,154 |
| Q6 | US$43,110 | US$98,317 | US$-55,207 | US$402,361 |
| Q7 | US$55,125 | US$98,911 | US$-43,786 | US$446,146 |
| Q8 | US$66,735 | US$99,505 | US$-32,770 | US$478,916 |

**Revenue assumptions:**
- Current revenue attributed to SAVANT: ~US$2,160/month (assumption: 2/3 of revenue shared with KYC) with 3 brands.
- One new brand or carrier every 2 months starting month 5: 13 brands by month 24.
- Average revenue per brand grows from US$720 to US$1,800/month through volume and additional channels.
- Telephony and AI costs grow 3% monthly with volume.

Month-by-month detail in *modelo_24_meses.csv*.

## Suggested terms (non-binding)
- Instrument: Seed Series preferred shares issued by a Mexican S.A.P.I. (or a SAFE with a valuation cap equal to the post-money and a 20% discount).
- 1x non-participating liquidation preference.
- Employee option pool: 10% post-round, to be created before closing.
- Quarterly information rights (financial statements, roadmap KPIs) and a board observer seat for the lead investor.
- Pro-rata rights in the next round; standard tag-along and drag-along.
- Founder vesting: 4 years with a 1-year cliff, crediting time served since the project began.
- Structure: spin the project out of Menteia into its own S.A.P.I. (Menteia and the founding partners as shareholders, with a shared technology license) or invest directly in Menteia (see the holding folder).