Ry Walker
๐ค SpeakerAppearances Over Time
Podcast Appearances
Uh, we were, so there's a new, new idea called the post seed round.
I don't know if you've heard that concept, uh, it talks bullpen capital, uh, sort of uses that lingo, but, um, basically we were doing a three to $5 million, um, round that is not a seed extension around.
It's a, it's a, it's an up round.
It's, um, it's a, it's more money than we raised initially.
And, uh, it's, it's a, it's, it's essentially the old a, you know, you'll raise three million.
Three to five.
That's a great question.
Whatever we can get it at, to be honest, it's, you know, the great advice, you know, is think about your share price instead of your percent ownership.
And, you know, if we can get this round done, our share price, the value of our equity rises and the odds of us living goes up.
But
At this point, A's are tough still, so we don't really want to bump our valuation up too much.
So we're going to just listen to what the offers are and not be too greedy on that.
So we have some headroom for the next round.
Yeah.
I mean, we're pumped about building a big company.
I'm personally pretty generous with equity, and I always have been with my companies.
So, yeah.
If you're going to be generous, you're giving up a bunch.
But at the same time, you have a bunch of co-owners with you.
So it's you know, I think it's worthwhile.