Disclosure certainty 4/5 debate potential 1/5

DevStride raised a $3.3M pre-seed at an $8M pre-money valuation

Phil Reynolds · How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week · Oct 3, 2022 · at 8:23

Phil Reynolds discusses DevStride's pre-seed deal terms and valuation structure with host Nathan Latka.

0:00 / 0:08exact quote · 8.5s
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“So we raised that at an eight million dollar pre, and so we negotiated the pre to be stable, and then the amount we raised would be the amount that we diluted beyond that.”

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“And so the way we set it up there's myself, my wife Kui Tim Hoja and another gentleman, Aaron Salaf, who are the founders. There's four of us and the two of us kicked in the cash. We took 50% of the equity. The other two of them really brought a lot of additio…”
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