Graham McConnell, co-founder and CEO of NthRound, shares the size of the startup's seed funding round with Nathan Latka.
0:00 / 0:02exact quote · 2.8s
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“We raised 4.3 million for our seed round.”
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More from Graham McConnell
Disclosure
McConnell strongly considered buying out NEA's shares at a discount
“I've definitely strongly considered it. And you know, I'm sure if any, it was listening today, they wouldn't be Wouldn't be thrilled, but it's, that's definitely an option.”
Graham McConnellOct 11, 2020▶ 14:34NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
Opinion
McConnell: Carta is weak on founder-shareholder communication
“Well Carta, I think really is centered on foreign evaluations and capital management, and we try to take that to the next level really creating a more engaging experience and, Facilitating communication between founders and their shareholders, which I think in…”
Graham McConnellOct 11, 2020▶ 2:20NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
AssertionSupported
McConnell: Competing Secondary Platforms Charge 5% to 10% Equity Fee
“And those other platforms, not ours, but those other ones will typically charge between five and 10% of the value of that equity.”
Graham McConnellOct 11, 2020▶ 10:15NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
“Actually, it's funny you say that a lot of our early clients have been non first time founders because They felt it before and now they know the need. Whereas first time founder, you know, it's just not something that you think about very much.”
Graham McConnellOct 11, 2020▶ 15:35NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
Disclosure
McConnell: NthRound backed by NEA and about a dozen Philly angels
“So our VC is NEA, New Enterprise Associates. And then we also brought in about a dozen individual investors from the Philly area.”
Graham McConnellOct 11, 2020▶ 4:07NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
AssertionNot checkable as stated
McConnell: NthRound charges an average of $1,000 per month
“So on average, I'd say 12,000. We do have a sorry per month a thousand. We do have a lower tier now that's 8000 dollars a year.”
Graham McConnellOct 11, 2020▶ 7:43NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
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