Matt Weirich
👤 SpeakerAppearances Over Time
Podcast Appearances
Yep, exactly.
That's great.
Hey, look, we're out of time, but I want to capture quick other quick questions here.
Are you still building all this capital efficient on just the last 1.1 raise or did you raise more?
So we did a $22 million round with Susquehanna Growth Equity this past fall.
We didn't put a full 22 million on the cap table.
We did some cap table cleanup, liquidity event, things like that for some of the prior investors, but big equity partner.
And we're very excited about what they mean for the business.
How much of the 22 million was secondary?
Secondary meaning?
It didn't go on the balance sheet.
It didn't go to operations.
In other words, it was early employees who get a little off the table.
You could take some off the table.
Early investors took some off the table.
Gotcha.
Gotcha.
So out of the $22 million valuation, secondary was probably, call it two-thirds.
Oh, wait.
Sorry.