Tribe Received Eight Term Sheets and Closed Seed Round in Two Weeks
Siavash Mahmudian · Tribe Hits $2.4m ARR, 300% Yoy Growth, $42m Valuation Helping Businesses Manage Their Communities · Nov 17, 2021 · at 15:51
Siavash Mahmudian, co-founder and CEO of Tribe, recounts raising Tribe's funding round at a $42M valuation.
0:00 / 0:16exact quote · 16.1s
720p mp4 · rendered on demand · StarZero watermark
“To be honest, like we wanted to raise like very less than that, but actually we had like eight term sheets. We closed the whole round in two weeks. So it was a very nice story. I think I had like around a 130 meetings in that two weeks basically.”
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 Siavash Mahmudian
Mahmudian: Circle Targets Creators While Tribe Targets Businesses
“I think like circle mostly targets the creators in our case, like we mostly target businesses.”
Mahmudian: Tribe raised seed capital at a $43M post-money valuation
“So yeah, it was on a forty three million dollar post money valuation.”
Mahmudian: Tribe's net dollar retention is currently below 100%
“So our net dollar retention right now is lower than a hundred percent, which is a problem that we are fixing.”
Mahmudian: Tribe Focuses on Embedding Communities Directly Within Existing Products
“So we usually like target people that already have a product that is out there and they want the community to be in the user's journey of their audience inside the product.”