1min chapter

Second Time Founders cover image

E 10 w/ William Hockey, Plaid getting their series A term sheet pulled from a tier 1 VC, William buys a bank to build the financial system from the bottom up, founders share everything

Second Time Founders

CHAPTER

How to Survive the Three Money From Seeds Series a Series A

It's a maybe not the last year but like this year kind of back when we're also in the normal dilution for you. As you get larger you're raising like 300 million bucks 10 to 15 billion all evaluation or something just inherently that's not that crazy dilutive. Usually at that point you're four or five six years in your cycle and so you as a founder you're fully vestedUsually a lot of times with happers and vessels will come in and you can actually start to do founder refresh investors.

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