Q graduate to the Series A. They've raised seed money, but they can't get to the next stage. So what do those founders do? They have to go back to their previous investors and say, hey, um, do you think you could give us some more money to help bridge us to the Series A? And that isn't exactly music to an investor's ears, but Howie and Jake see it differently.
A Bridged means something completely different today than it does That it did five, 10 years ago. There was a negative stigma attached to the term bridge, and now people are calling it post seed, seed extension, whatever. C two. There are companies that are in these bridge rounds that are distressed companies that are looking for an influx of capital to help them resuscitate and get them, you know, back on track. However, we started seeing these, a small subset of these companies that were doing quite well. They were overperforming against their growth projections, and we started seeing this crazy performance From this particular, um, cohort of companies that we were investing in, anywhere from like, two X to 2.5 X over the course of 12 months from when we invested to Series A.
AI assessment note: “Bridged means something completely different today than it does That it did five, 10 years ago.”