Matt Prados
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
So we sent this out, uh, the beginning of summer, which, uh, note, take the note, don't ever try to raise during summer.
Everybody's on vacation.
Nobody wants to like make meetings and stuff.
So it's very hard to get VC firms to do anything during that time.
But, uh, yeah, no, we sent it out to everybody who basically reached out ever to us to just get some feedback, see what the deal was.
Uh, that was, you know, probably 40 different firms.
Uh, from that, we ended up in 30 different, uh, conversations.
And, uh, from that, we got down to like three, um,
basic term sheets and then we actually signed one and started letting them do diligence to see what would happen.
And I ended up kind of like not liking them, kind of pulling back a bit.
Yeah.
Yeah.
I mean, at the end of the day, there's lots of money out there, but it's like, who's giving you the money and what else are they giving you besides money?
And funny enough, they gave me some references of people they did deals with.
And so I called them and one of them was like, dude, just so you know, they're only money.
I was like, wow, this is their reference.
That wasn't very good for them.
But so, you know, if I'm going to bring somebody on and they're going to get to take this ride from 10 to 50 million with us over the next couple of years, I want somebody who's going to contribute more than just the money because, you know, I don't need the money right now.
Yeah.