Point Nine issued Loom a seed term sheet after one 45-minute call
Joe Thomas · 20VC: Loom Founder Joe Thomas on Whether To Take Multi-Stage Money at Seed, How Early Stage Founders Should Select Their VC, How Sequoia Won The Loom Deal & The 3 Rules To Operate Remote Teams Successfully · Aug 7, 2020 · at 21:41
Joe Thomas is the co-founder and CEO of Loom. He describes how Point Nine Capital committed to co-leading Loom's seed round remotely.
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“Our seed round that was co-led by .9 Capital, Christoph and the .9 team, Had a ton of conviction around Loom after only meeting one of the co-founders, Shahid, and after 1:45 minute conversation, they put a term sheet on the table, and we ended up working together because Kristoff and the .9 team had recorded a bunch of Looms and sent them over to us about what they felt like could be the partnership going forward”
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