SAFE Conversion Math Explained With Examples
A SAFE feels simple when you sign it: money in today, shares later. The "later" part is where founders get surprised. When your priced round arrives, every SAFE …
Category
Fundraising
Pitch decks, term sheets, SAFEs and valuations, explained from both the founder and investor side.
Raising Money From Your Customers
The people who already love what you sell can be your best source of funding. Customers can pay you before you deliver, back a crowdfunding campaign or even buy …
Running Mock Pitches Before Investor Meetings
The first time you say your pitch out loud should never be in front of an investor who can write a check. Mock pitches let you find the weak spots, the awkward …
Writing the Use of Funds Slide
The use of funds slide is where investors stop listening to your vision and start checking your judgment. It answers one plain question: if they wire you the …
Fundraising With a Rolling Close
Getting every investor to sign on the same day is one of the hardest parts of a startup round. One angel is ready now, another needs two more weeks, and the …
Founder-Friendly Term Sheet Checklist
The excitement of getting a term sheet can make every clause look fine. It is worth slowing down. A few lines in that short document shape who owns your …
Board Composition After Your First Priced Round
Your first priced round changes more than your bank balance. For many startups it is the moment a real board of directors appears, with an investor at the table …