Series A

“The reason we did it pretty quickly is because we had gotten profitable before we went out for a Series A, which I forgot to mention.”

“When we raised our Series A, we, our Series A was like three or four million dollars, and that was great. That was like totally normal back then, and now I think the median is close to ten million.”

“And, you know, from my kind of memory of the numbers, Series A's tend to happen between 12 and 24 months post-demo day. And between 20 and 30% of companies will raise follow-on funding post demo day.”

“Our Series A documents and our OKRs from 2007 are remarkably similar to what they are today.”

“When we went to raise Series A, the investors asked, how much of your money is from families, and the model you're pitching, and how much of your money is from catering, and from enterprise? And at that point, some 75% was from enterprise, because when you do …”

“PR firms are way too expensive. Typically you have to keep them on a monthly retainer, and, you know, most companies, even through Seed, Series A, they don't have the budget for that.”

“And I think when we raised our series A, and so we raised our series A, we were making, I think, 1.5 million in AR. So a little over a hundred K MR. I think that's where, when I felt like some companies were using the product, and even if I had demoed All the …”

“Literally kind of on the eve of our series A, we had signed a term sheet, but we hadn't closed the round. Kind of we as a team collectively agreed I should be CEO.”

“What failure usually looks like for a lot of our companies is they get zero real customers. Zero. It's not that the failure was they couldn't get a Series A, it's that they just, like, bombed. Like, complete disaster.”

“I'll say you find that eventually though, it's a little bit like taking out debt, honestly, where it's like maybe early on as a second time founder, like maybe the seed rounds easier, maybe even a series A is easier, but the later, the longer you work in your …”

“And probably at series A or later, it starts to make sense to hire dedicated dev advocates.”

“Yeah, like, post-series A, it actually largely feels, like, the playbook is the same, and the companies might be smaller for the same amount of revenue, but it Feels it's entirely because they hit the revenue so fast and there's still just bottlenecked on how …”