bridge round

“Most bridges really aren't bridges. They're what I would call a pier. So, you know, sort of like, yeah, we need more money. I'm like, a bridge is like when somebody's come in and said, I'm going to put money in this company, but we're out of money until the de…”

“I think the good bridges are the ones where you had a checklist of four things, and you hit three of them, and you need a little bit more money to prove that the fourth one is not a big risk either. I think the bad bridges are where somebody spent a million or…”

“The second time that we see these things applied is, is really opportunistically where, you know, you're very excited about a company. It's doing very, very well. You just think there's an opportunity for the company to hit an additional set of milestones that…”

“You know, I would say that I think the way the floodgate describes it is probably accurate most of the time. It's really difficult, I think, for companies to be able to transition through these periods, and if you've gone out and talked to a bunch of investors…”

“If it really is, you know, it took a little longer for the product, but it's awesome. We just need three more months before we can have that customer traction. I think that the bridge round is probably going to be fine. If it's, well, we need six more months b…”

“Yeah, my stats are only a 98%, so I'm not sure if I get it right, but it's somewhere in that zone. No, they often are bridges to nowhere”

“I would agree with Mike that unfortunately a lot of them are bridges to nowhere. You know, most of the time, in my experience, it's pretty clear, though, whether that's the case or whether you are bridging to something.”

“We've done, I mean, the bridge round at UiPath, no great fund was touching the company, and we had to build our conviction internally.”