Entree Capital extended a convertible note when Monday.com's seed round ran low
Eran Zinman · Eran Zinman, Co-Founder & Co-CEO @Monday.com: Going Upmarket, International and Multi-Product |E1247 · 20VC with Harry Stebbings · Jan 17, 2025 · at 14:11
Eran Zinman, Co-Founder and Co-CEO of monday.com, shares how early investor Avi Eyal of Entree Capital provided emergency bridge funding before monday.com achieved clear product-market fit.
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“I give a lot of credit to our board members specifically. You mentioned Avi you know, I would say the typical investor seeing that a company spent 80% of their seed round and didn't reach, like, product market fit, you know, maybe would kind of give up on the company or send that company to do, like, a round day and try their luck outside. But, you know, something I give Avi from Entree Capital a lot of credit. He saw the potential. He told us. I'll never forget this. I believe in you guys, even though, you know, I don't know why, but I believe in you guys. Don't do an A round. Just go out. I'll give you the money. Let's do a convertible. Just scale what you're building.”
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