POLL: Your advisors are telling you to raise a Series A.

2yr ago

2 replies

You're bootstrapped. MoM growth in user-base. Great team & culture. Unit Economics good and on track to be EBITDA positive by 2023Q4. What would YOU do?

Bootstrap - you're close to profitability, but once there won't be able to achieve scale

Venture Debt - keep ownership, just pay a heftier than normal interest rate

Equity - get a diluted slice of a much bigger pie

Replies

Zendog Labs @zendog

All 3 options are perfectly legitimate and depend on what the shareholders of the company are looking to achieve. Want a venture-scale business in the next 3-5 years? You'll likely need equity investors, maybe revenue-based financing. Prefer to not have an external BoD fuck with your day? Bootstrapping sounds better then. If you are asking whether you CAN raise a Series A with the things you describe, that's a different story and the answer is likely yes

Jan 17, 2023

Ejaaz Patel @ejaaz_patel

@zendog Hey - cool name - there isn't really a right answer - just want to know what people would incline towards - not everyone wants a venture-backed biz

Jan 18, 2023