@seedposter01
KnotCo-founder & CEO of a Seed B2C SaaS in 🇺🇸 United States.
Modeled our four stacked SAFEs for the first time. I own 11% less than I thought
Confession: we raised on SAFEs four times over two years — $50k uncapped with MFN, then $150k at a $3M cap, $250k at $5M, $400k at $8M — and I never once modeled the conversion. "They're not equity yet" was the cope. The ledger was a folder…
This worked