Guo: Passes seed round was raised entirely over text messages
Lucy Guo · How Lucy Guo Is Building A Creator Empire with Shaq, Kygo & Olivia Dunne | Passes · Sourcery with Molly O'Shea · Dec 13, 2024 · at 29:30
Lucy Guo describes launching and funding creator platform Passes while managing her venture fund Backend Capital.
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“I would say the seed round wasn't really preempted. It was more so like I had an idea and I was running a venture fund. So I had to ask my LPs for permission to be able to do this. And then my LPs were just like, let us put in a check. And I like, I, Had to do right by my LP, so I obviously let them put in the checks first, and also gave a little bit of equity to the fund and that ended up just oversubscribing very quickly, like no name, no deck, I, it was a literally a text message fundraise”
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