We are optimizing for diversity in terms of our cap table. It's our first institutional round and we know our next one is going to be a much bigger round and we want to concentrate that in one or two maximal three investors.
“So we are actually optimizing for diversity in terms of our cap table.”
We are not even inviting them at this point just because we see that this is the last round in which we want to bring folks in, in the sense of like having multiple investors that can help with our growth. So we are actually optimizing for diversity in terms of our cap table. It's our first institutional round and we know our next one is going to be a much bigger round and we want to concentrate that in one or two maximal three investors.
Why this clip
Strategic fundraising insight that shows sophisticated thinking about cap table construction. Valuable for founders thinking about investor composition and future round planning.
What they said next
We are solving the asymmetry information problem. When we communicate, there is the cost of communication right there, and we are not always able to get to a point in which we can truly understand each other.
31:12 - 20s · Practical Framework
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