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Anupam Rastagi

๐Ÿ‘ค Speaker
174 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

But oftentimes, it's not very clear if things are going super fantastic or not.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

And there, especially in times like these, that becomes important to have someone who

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

can continue supporting the company.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

And also I'd say seed has gotten deconstructed.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

So I'd say it's very rarely the case that a company just does one seed round and then goes straight to series A. I mean, that of course does happen quite a lot, but in many other cases, the company ends up doing a seed two or a seed extension or pre-series A or pre-seed and seed.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

And so in that second seed round as well, we can be pretty proactive where we see the company has made

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

requisite progress.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

And that becomes really important to keep the company going rather than having to go out to put another round before they're ready for series A. What paper are you typically sitting on?

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Yeah, it's a combination of both.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

So we are, yeah, we're agnostic to that.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

We're happy to work with whatever the founder wants to as long as, yeah, you know, safes are always faster and easier.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

So we are pretty comfortable with that.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

But yeah, we do equity rounds as well.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Yeah, that's a good question.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

It varies a lot.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

There's a pretty wide range, I'd say.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

For a $3 million round, I would have seen everything from, you know, for a price round, you know, 10K to 50K.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

It's a pretty wide range.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

I'd say it's somewhere in the 20, 25K seems to be median range.

SaaS Interviews with CEOs, Startups, Founders
Behind The Term Sheet: How this $76m Seed Stage Fund Really Works

Yeah, that's about right.