Assertion certainty 5/5 debate potential 1/5

Adams confirms Grain's follow-on SAFE had a substantially higher valuation cap

Mike Adams · Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround · May 25, 2021 · at 8:42

Host Nathan Latka asks whether Grain's subsequent SAFE round after a priced round was an up-round with a higher valuation cap.

0:00 / 0:03
720p mp4 · rendered on demand · StarZero watermark
“Substantially higher.”

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 Mike Adams

Disclosure
Mike Adams discloses unannounced $3M SAFE raise for Grain
“So it's one at the beginning and then three in a price round, that four was announced and we raised an additional three that has not yet been announced.”
Mike Adams May 25, 2021 ▶ 7:21 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround
Prediction Not checkable as stated
Grain is on track to hit $1M ARR by end of 2021
“Oh, absolutely. I mean, for us, the growth rate is continuing to grow and increase. We've just been, just begun to tap the market. And so we're absolutely on track for that, that being our goal this year.”
Mike Adams May 25, 2021 ▶ 15:56 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround
Disclosure
Adams: MissionU had $8.5M in cash when acquired by WeWork
“We still had an eight and a half million dollars in the bank. So we made a call. It's not like we ran out of the money.”
Mike Adams May 25, 2021 ▶ 3:28 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround
Disclosure
Adams: MissionU's acquisition by WeWork was a flat exit
“It's a flat exit for everybody.”
Mike Adams May 25, 2021 ▶ 2:06 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround
Disclosure
Grain co-founder Mike Adams discloses $7M raised and 15-person team size
“So it's been about seven million dollars total that we raised. And our team is about 15 people.”
Mike Adams May 25, 2021 ▶ 7:08 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround
Assertion Not checkable as stated
Adams: The average customer team using Grain is about three people
“The average team is about three people right now.”
Mike Adams May 25, 2021 ▶ 12:34 Zoom Recording Tool Grain Hits 300 Teams, On Track for $1m ARR, New $3m Raise in Upround
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.