Oren Zaslansky
๐ค SpeakerAppearances Over Time
Podcast Appearances
So SoftBank was about half of the check in this round.
We had another $100 million come in on top of what SoftBank wrote.
SoftBank wanted to write a much larger check, initially up to $300 million.
And from a round construction standpoint, we managed that number down, I guess it would say, so that our other insiders could also continue to buy up and we could bring in new capital.
Everybody loves to see some new faces around the table.
No, it was 215 was the size of the round.
A little bit of liquidity to early folks, but only team members, not investors.
No investors want it out.
I can certainly say that.
Yeah, it's largely an issue of cogs.
And we have to balance that all the time where, you know, every founder does, right?
As you think about, we call it the balance between fear and greed.
And the key word there is balance.
You know, there are times where you don't want to raise because you're very greedy.
And there's times where you'll take every dollar thrown at you because you're fearful.
As a founder, I've been in both of those situations and there's no shame.
You've got to capitalize your business and make payroll.
I think the key lies in the balance.
Flock is going to be something gigantic.
We believe we can build a $50 billion, $100 billion revenue firm.