Alex Rampell

There are certainly ones where, like I used to call this the Series B trap, but again, I think the nomenclature has shifted.

There are certainly ones where, like I used to call this the Series B trap, but again, I think the nomenclature has shifted.

But I would have agreed with your team if you called it the Series B, because at that time, there was a seed, there was a Series A, and the only difference between Series A and Series B is that you increased your burn and built infrastructure and kind of scaffolding.

But I would have agreed with your team if you called it the Series B, because at that time, there was a seed, there was a Series A, and the only difference between Series A and Series B is that you increased your burn and built infrastructure and kind of scaffolding.

So it's like, I have a company, I have customers, I have signs of product market fit,

So it's like, I have a company, I have customers, I have signs of product market fit,

I know now I should hire an HR team and a marketing team and all this other kind of shit that doesn't actually have any kind of impact on the metrics of the company.

I know now I should hire an HR team and a marketing team and all this other kind of shit that doesn't actually have any kind of impact on the metrics of the company.

And that was the Series B.

And that was the Series B.

And then it's like, why would I invest in a Series B?

And then it's like, why would I invest in a Series B?

Because I get half as much ownership and nothing has changed vis-a-vis the Series A. So yes, there's a class of Series As that look like that.

Because I get half as much ownership and nothing has changed vis-a-vis the Series A. So yes, there's a class of Series As that look like that.

But I would say of the Series As that I personally did in the last year, most of them have been like, holy shit, revenue is really scaling.

But I would say of the Series As that I personally did in the last year, most of them have been like, holy shit, revenue is really scaling.

And these numbers are insane.

And these numbers are insane.

And those were Series As.

And those were Series As.