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Steve Tuck

๐Ÿ‘ค Speaker
958 total appearances

Appearances Over Time

Podcast Appearances

Oxide and Friends
Oxide's $200M Series C

And it's like we already, that's kind of like we already were kind of at the outside of what we wanted to be raising right now.

Oxide and Friends
Oxide's $200M Series C

We did not want to be.

Oxide and Friends
Oxide's $200M Series C

So on the one hand, and also it just felt like it would have been, if we raised more, we would have had the same packing problem.

Oxide and Friends
Oxide's $200M Series C

Why don't you raise just a little bit more?

Oxide and Friends
Oxide's $200M Series C

It's like, well, okay, if you're going to raise a little bit more, then I actually want a lot more.

Oxide and Friends
Oxide's $200M Series C

And then another reasonable thing, and Adam, this may be your immediate question, is like, okay, great, raise the price, which is reasonable, but you can't do that.

Oxide and Friends
Oxide's $200M Series C

Once you have a round coming together, it's really tough to go back.

Oxide and Friends
Oxide's $200M Series C

I mean, there's some things you just don't want to renegotiate because you run the risk of the whole thing collapsing, and we don't want that.

Oxide and Friends
Oxide's $200M Series C

We did want to raise it.

Oxide and Friends
Oxide's $200M Series C

And we, you know, I think we talked about this in our episode with Seth where we had a firm walk away.

Oxide and Friends
Oxide's $200M Series C

from a signed term sheet, and they tried to reprice us, and it was dirty.

Oxide and Friends
Oxide's $200M Series C

They tried to reprice us because the climate had shifted in their favor.

Oxide and Friends
Oxide's $200M Series C

And we didn't want to, like, yeah, the climate was shifting in our favor, but yeah, Adam, you're right.