Q these headlines of a 5.7 billion valuation, but they only have got, you know, 150, hundred and seventy million bucks of ARR, so the multiple there also just feels like, how do they go into that valuation? Obviously, Zapier, bootstrap, different story. Do you have a backstory? Were you a founder in the past that got burned on too high a valuation? Why do you have so much discipline here?
A Short answer is no. I'm a first time founder, and like you, you look at what's in front of you, right? Where you are, where you're trying to head, why you're raising money, how much you want to raise at that particular time, and what is the right multiple at that time. I think the, By the way, it was not a four X, it was almost a five X in our series A round. At that time, we were unproven because we were building a new product, didn't have it in market yet, and it was a risk for our series A investor to come in and, ah, invest in a company that still didn't have the, the future product of the company. So, so that's why in the end we, we ended up at, at that multiple. But in our series B round, series C round, right, there were other extenuating factors. I think every, every round was different.
AI assessment note: “Short answer is no. I'm a first time founder”