Lab is ~23% of Phase 2 Year 1 EBITDA ($699K). Fully funded by Phase 2 cash flow. Zero external capital required to reach beta.
Ten Metrics Must Clear Before We Launch. No Exceptions.
We raise from a position of strength, not to fund an experiment.
PHASE 2 GATES - Data Readiness
25,000+ customers acquired
40%+ repeat purchase rate
10x+ LTV:CAC ratio
20%+ EBITDA margin
300+ content pieces published
KITCHEN GATES - Product Readiness
Working recommendation engine (Taste Graph v1)
3+ curated co-packer partners onboarded
Self-serve creator tools functional
Internal beta: 70%+ retention rate
5+ live creators with completed transactions
Both gate sets must be cleared before consumer launch. No exceptions. | This is a gated launch, not a scheduled one. The data decides.
Breakeven Year 2. $12.6M EBITDA by Year 5. Platform Margins.
Breakeven in Year 2. $12.6M EBITDA by Year 5.
From zero to $12.6M EBITDA through a disciplined sequence: two years of funded R&D, a deliberate consumer launch, breakeven in Year 2, then compounding platform scale.
Each creator brings their own audience, content library, and product catalog - compounding the Taste Graph and increasing cross-creator discovery.
400
Active Creators by Y5
$60M
Platform GMV by Y5
Sempio Foods
Anchor Co-Packer Partner
Robust co-packer in network, anchored by Sempio Foods — 75+ year Korean condiment leader.
Limited Downside. Asymmetric Upside. Max Capital at Risk: $380K.
Limited downside. Asymmetric upside. The math works in every scenario.
DOWNSIDE PROTECTION: If gates are never met, Phase 3 never launches. Maximum capital at risk = $379.5K (lab burn only). Phase 2 continues independently and profitably.
Why Platform Economics Change Everything
Same revenue. Different economics. Radically different multiple.
Blended Midpoint: $150M – $200M Sessy Kitchen entity value at platform multiples.
The Complete Picture: $87M Combined Revenue by 2033
As Kitchen grows, the blended multiple shifts from CPG to platform.
CPG Brand = 3–5 Buyers. Platform Company = 15+. That's the Difference.
Pure CPG = 3–5 buyers. Platform company = 15+ buyers. More buyers = better terms.
Amazon
Food commerce + creator infrastructure
Shopify
Creator commerce platform expansion
Instacart
Food discovery and personalization
DoorDash
Grocery and specialty food expansion
TikTok
Creator-to-commerce vertical integration
Uber Eats
Food marketplace and specialty brands
The platform architecture doesn't just increase valuation — it multiplies the number of potential acquirers. More buyers = competitive process = better terms = higher exit probability.
THE TEAM
A Chef, a Creative, and an Operator Walk Into a Korean Kitchen...
Esther Choi (CEO / cofounder)
767K+ social following, $5.5M Walmart sales track record, and frequent Today Show, GMA & Food Network guest.
Jean Pyo (CCO / cofounder)
Brand architect behind Sessy's identity, with a track record in CPG, NYC restaurants, and Asian-American influencer partnerships.
Yannick Crespo (COO / cofounder)
Finance, Operations, CPG expertise. Previously in hospitality, health, and travel tech sectors.