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Hello Sahil, thanks so much for sharing this. I know it helps a lot of founders out there. One question: You mentioned that you raised ~$8m from investors, but
by rsp1984 8y ago
Hello Sahil, thanks so much for sharing this. I know it helps a lot of founders out there.
One question: You mentioned that you raised ~$8m from investors, but that your liq. preferences used to be $16.5m. Was there a 2x preference in the Series A term sheet?
- sahillavingia 8y ago$1.1M @ 1X $7M @ 1X $2.25M (the bridge I mention) @ 4X
- rsp1984 8y agoI don't see the bridge mentioned. But thanks a lot for clearing that up. There's so little data out there on companies' term sheets so it's always good to get a dose of real world.
- sahillavingia 8y agoOops, I think I nixed that to use in a future article purely on raising money. My bad!