3 ms·
You're a founder who raised seed and now appear to be hitting PMF and making repeatable sales, won't you raise A to scale?
by Rastonbury 2y ago
You're a founder who raised seed and now appear to be hitting PMF and making repeatable sales, won't you raise A to scale?
- propter_hoc 2y agoIs that a rhetorical question, or aimed at me specifically? Regardless, in my case, it's not my first rodeo; I didn't give up any board seats or majority control. I mostly raised from angels that I know personally and trust me. And we're a high-margin B2B business (apparently similar in those limited respects to Quickwit) so I don't feel particularly capital constrained without raising additional rounds. So I don't have a board pushing me for "valuation events." But I am very familiar with this toxic dynamic from my previous experience.