Nathan Latka
👤 Speaker
223769
total appearances
Appearances Over Time
Podcast Appearances
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
And let's say you don't raise by the end of 2025.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
What does that convert at?
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
There's got to be a number, like a cap.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
There's got to be a valuation it converts at.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
What if you can't agree?
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
You never know how people are going to react, especially years and years after.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
You never know.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
I've seen moms and dads, they lend their son money and then they crush the son.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Lions eat their cubs all the time.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Okay, fair enough.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
So three customers.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Tell me about how you got your first three customers.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Where'd you find them?
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Did you guys split equity 50-50 at the start?
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Tell me specifically for them, what was the contract size for them?
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
For who?
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
The first customer, the one we're talking about.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
And they pay it all up front.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Yep.
SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note
Okay.