Disclosure certainty 4/5 debate potential 1/5

McConnell: NthRound raised $4.3M in seed round

Graham McConnell · NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants · Oct 11, 2020 · at 4:18

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
720p mp4 · rendered on demand · StarZero watermark
“We raised 4.3 million for our seed round.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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 McConnell Oct 11, 2020 ▶ 14:34 NthRound 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 McConnell Oct 11, 2020 ▶ 2:20 NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
Assertion Supported
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 McConnell Oct 11, 2020 ▶ 10:15 NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
Insight
McConnell: Repeat founders understand employee equity liquidity needs better than first-timers
“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 McConnell Oct 11, 2020 ▶ 15:35 NthRound 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 McConnell Oct 11, 2020 ▶ 4:07 NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
Assertion Not 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 McConnell Oct 11, 2020 ▶ 7:43 NthRound Hits $300k ARR Creating Liquidity for Employee Option Grants
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.