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Thanks for the tip to Buffer. They've published a blog post explaining their reasons that I've started reading: https://open.buffer.com/raising-3-5m-funding-va
by Pyxl101 11y ago
Thanks for the tip to Buffer. They've published a blog post explaining their reasons that I've started reading:
https://open.buffer.com/raising-3-5m-funding-valuation-term-sheet/ https://open.buffer.com/raising-3-5m-funding-valuation-term-...
> So you might be wondering, why raise funding if everything is going so well and we’re in full control? Here are some of the reasons:
> 1. We’re removing pressure to sell, so we can go all in and keep building Buffer for the next 5-10 years. 2. Setting up a precedent for multiple regular liquidity events for investors and team members. 3. It’s a way to get partners on board who are excited about the unique way we’re running the company. 4. We want to add a little extra cushion to the bank to help us with any speed bumps that might arise [more details on each point in the article]
Their reasons make sense to me.