Venkat Nagaswamy
👤 SpeakerAppearances Over Time
Podcast Appearances
They were the original investors behind RSA, Hootsuite, Nutanix.
These are some of the names that you might know.
It was a convertible note round.
$2 million note was what we issued.
What was the cap?
$2 million.
No, the cap was six.
20% discount and I think 6% interest.
Yeah.
So we did another round in mid last year, about a year ago, Xfinity Ventures from India, which is made by leaders from Infosys and Wipro.
Those guys led the round.
It was a convert.
It was a priced round.
And we converted everything at essentially 10 million post.
We raised $2 million.
Not necessarily.
So in terms of, I mean, if you look at the valuation of what we raised, 10 million posts at 4 million rates, relatively speaking, it's not that big of a valuation jump based on where we are or even where we were.
Right.
So there's a lot of, I mean, if you.
And by the way, the way we priced it was based on what we were seeing in the marketplace at that time.