Mitch Thrower
๐ค SpeakerAppearances Over Time
Podcast Appearances
So maybe in a future interview, because I know how important that is.
But I will share with you some context around rolling raises for founders.
One of the interesting things that I suggest for people that are out there raising capital
is to make sure to authorize more than you may actually need and allow yourself to raise additional capital if you need it on the same terms of that round, should you need to.
And if you do a rolling raise, the difference is if you're raising capital and let's say raising 10 million, you may only be able to use that 10 million when you get it to 10 million.
If you do a rolling raise, you get the first million, you can use it and grow and invest.
The second million, use it and grow and invest higher
more engineers, more engineers, you know?
And so that's the baseline of kind of a rolling close, which I would encourage entrepreneurs to follow.
It allows them to, you know, the dog years, right?
You know, tech is dog years.
Things are moving really fast in technology.
So you want to move really fast as well.
Yeah, I mean, I'll take you through the combined entities.
So combined entities were for 19, about 16.8.
Okay.
And we were- 1.6, right?
1.6?
Yeah, 16.8 million.
And then if you look at 2020, pre-COVID, both contracted and otherwise referring revenues