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I don't have the background to make sense of it easily, but the lead for the round publishes its term sheet details: https://www.byfounders.vc/insights/term-she
by Kye 7mo ago
I don't have the background to make sense of it easily, but the lead for the round publishes its term sheet details: https://www.byfounders.vc/insights/term-sheet-guide https://www.byfounders.vc/insights/term-sheet-guide
There might be some insight in there as to why they invested knowing lock-in wasn't on the table.
- colesantiago 7mo agoSo no monetization strategy that doesn't warrant 10x returns?
- Kye 7mo ago10x returns is a meme. It's not a global standard.
- colesantiago 7mo agoNot a meme, but since there is no monetization strategy it is less likely going to be a 10x exit.