Series A

4 statements across 4 episodes · 2 bullish · 2 bearish · 4 people on the record · first statement Nov 9, 2023 by Steve Ells · across every show →

Everything said about Series A, oldest first

Nov 9, 2023 positive
Disclosure
Steve Ells: Kernel raised $36M Series A to open 15 restaurants
“I just completed my series a round and raised thirty six million. And so, so, you know, that'll take us through the next couple of years and that will be a lot to open up 15 restaurants.”
Steve Ells Nov 9, 2023 ▶ 26:40 When a robot cooks your lunch with Steve Ells of Chipotle and Kernel
Dec 25, 2023 positive
Disclosure
KiwiCo accepted a preemptive $5M Series A round instead of waiting for higher valuation
“What ended up happening is that we had a number of potential investors reach out to us, and we decided to do a preemptive Series A raise, and it was debated. At the time, like, should we do this or should we wait and potentially try to go for a higher valuatio…”
Sandra Oh Lin Dec 25, 2023 ▶ 33:22 KiwiCo: Sandra Oh Lin
Jan 15, 2024 negative
Assertion Not checkable as stated
A Series A investor reneged on Primary due to portfolio conflict
“And so we jumped on the phone and yeah, the message was, you know, I'm so sorry, but I have another company in my portfolio that is sort of pivoting into the same space and I can't make this investment now.”
Galyn Bernard Jan 15, 2024 ▶ 44:12 Primary: Christina Carbonell and Galyn Bernard
Apr 21, 2025 negative
Assertion Not checkable as stated
Spiegel: Lightspeed's Seed Note ROFR Discouraged Other Series A Leads
“The writer first refusal allowed Lightspeed to buy up to 50% of the next round and because of the way that a convertible note works, that meant that they would control that series of stock. So they would control the series A of stock, and that meant that other…”
Evan Spiegel Apr 21, 2025 ▶ 28:31 Snap: Evan Spiegel
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