With the explosion of seed investors and seed financings, it’s been fascinating to see the psychology form around “Getting To The Series A.” It’s as if it is a huge marker everyone wants to achieve, and it makes sense. Yet, I’ve found I keep having the same conversation over and over again with seed founders who “think” they’re preparing for A when, in reality, they should be preparing very basic M&A discussions (if they’re lucky).
To that end, I wrote a series of posts about (1) some universal ground rules for preparing for the Series A and (2) exploring alternatives to financing when the Series A doesn’t arrive. The tweets and posts around this led to a vibrant online discussion, which led to a live event organized by Bloomberg BETA last week.
Roy Bahat from BETA took the lead and I moderated the second discussion. We jointly invited Rebecca Lynn from Canvas, Brian O’Malley from Accel, Josh Elman from Greylock, Maha Ibrahim from Canaan, and Hunter Walk from Homebrew. It’s a two-part discussion, each part about 60 minutes. I am not going to have the audio transcribed because I want folks to listen to all 120 minutes of this. No shortcuts on this one. Part of the reason I was glad this came together is because it comes up so much in conversation, I grew tired of explaining it or writing about it. Now, thanks to everyone who participated, I can just share a link to this post and the audio instead!