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rsp1984

Hello Sahil, thanks so much for sharing this. I know it helps a lot of founders out there.

One question: You mentioned that you raised ~$8m from investors, but that your liq. preferences used to be $16.5m. Was there a 2x preference in the Series A term sheet?

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$1.1M @ 1X

$7M @ 1X

$2.25M (the bridge I mention) @ 4X

I don't see the bridge mentioned. But thanks a lot for clearing that up. There's so little data out there on companies' term sheets so it's always good to get a dose of real world.

Oops, I think I nixed that to use in a future article purely on raising money. My bad!

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