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Image by Canva Pro. Illustration courtesy of the author.

What to Expect Going from Seed to Series-B and Beyond

This post was originally published in my newsletter Fundraisedd. Subscribe to receive it every Monday morning by clicking here.

This week, we’ll address the topic of dilution and fundraising round structure, from Angel/Seed up to Series-B.

🌱 Angel / Seed

How long to raise? A few weeks up to a few months.

🏃🏽 Runway? 12–18 months

💵 Who invests? FFFs, HNWIS, or Seed funds

📆 When? Early in the life of a company, from 0 to a few 00’000s ARR.

📜 Paperwork? Keep the contracts as simple as possible (KISS). This includes the investment contract and the Shareholder Agreement.

📜 Paperwork?


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Until death do them part, Trump and the GOP are bound by white nationalism and a desperate need for relevance.

The election of Barack Obama to the presidency marked a turning point for the GOP. It was the party’s day of reckoning.

For decades, the Republicans had capitalised on white nationalist, evangelical voters, stoking their racism through a deceitful use of euphemisms designed to reinforce racial divisions in the country. Election cycle after election cycle, they abandoned their policy platform, knowing none if it would work (Americans are still waiting for all these tax cuts to trickle down), in favour of an electoral strategy focused on negative emotions and fear.

Obama’s accession to the presidency changed the face of America and forced the GOP into an inescapable…


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Trump, Library of Congress. Jim Jones by Nancy Wong, CC BY-SA 4.0. Wikimedia.

Let’s check the list against #45’s track record, shall we?

This list was published in Psychology Today in a 2012 article title “Dangerous Cult Leaders.”

When I read it, I was immediately reminded of a certain stable genius and felt compelled to check each item individually, so here it is!

All the traits of a cult leader displayed by Donald Trump:

  1. He has a grandiose idea of who he is and what he can achieve.
  2. Is preoccupied with fantasies of unlimited success, power, or brilliance.
  3. Demands blind, unquestioned obedience.
  4. Requires excessive admiration from followers and outsiders.
  5. Has a sense of entitlement — expecting to be treated as special at all times.


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By Anthony Crider — Charlottesville “Unite the Right” Rally, CC BY 2.0

All the dog-whistling and hypocrisy cannot hide the truth: the GOP is built on white supremacy and thrives because of it.

The Republican Party was born in 1854 as a reaction to the passage of the Kansas-Nebraska Act. Its founders opposed the expansion of slavery to the Western territories. They believed in “high tariffs to promote economic growth, high wages and high profits, [and] generous pensions for Union veterans.”

This Republican Party, the party of Lincoln, Grant, and Eisenhower, died on July 2, 1964; the day LBJ signed the Civil Rights Act.

The GOP goes South


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Photo by Erica Magugliani on Unsplash

Biden is a kind, loving, compassionate human being, and that’s what the world needs right now.

Hearing President-Elect Joe Biden’s victory speech on Saturday, November 7th, 2020, the world was reminded of what it meant to have a compassionate, dedicated, and strong-willed civil servant as the President of the United States. After he was done talking, the whole Biden family came on stage, and the world was also reminded of how good it feels to look up to people who are capable of love and affection.

Here is the speech, in case you haven’t listened to it yet:

4 years of doom and gloom


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Image Canva Pro. Illustration courtesy of the author.

Dog whistles without the cuteness of the 🐶

Alternative Facts

What they mean: “We really don’t like what’s happening now, so we’re going to pretend our eyes don’t see, our ears don’t listen, our noses don’t smell, and focus on what we believe inside our little hearts.”

Important note: was not invented by Trump but by Reagan who said:

A few months ago I told the American people I did not trade arms for hostages. My heart and my best intentions tell me that’s true, but the facts and evidence tell me it is not.

Captains of Industry

What they mean: “Now that we’ve given billionaires permission to spend as much as they want on campaign financing, we might as well flatter them with some fancy, military-sounding titles to fumble their egos and make them feel powerful.” …


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Photo by Tingey Injury Law Firm on Unsplash

His recklessness in handling the COVID pandemic can be seen as tantamount to second-degree, if not first-degree, murder

Today is November 14th, 2020, and since the beginning of the year, more than 250,000 Americans have died from COVID-19. In face of such calamity, we must remember that beyond the statistics, each and every one of these lost lives was a mother, father, grandparent, sibling, friend, or colleague who is dearly missed and whose death may have been prevented.

Trump’s responsibility in the failure that has been the Federal response to the crisis is obvious to all (New York Times, The Atlantic, Bloomberg, WaPo, USA Today, Nature, Vox, The Guardian) but Trump himself. …


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Proud Boys at Ohio event in 2020. By Becker1999 from Grove City, OH — CC BY 2.0,

Why do the poorest Americans blindly support a self-proclaimed billionaire?

The chart hereunder was shared all over social media in the past few days. It represents the share of Gross Domestic Product (GDP) “won” by each candidate when adding up all the counties that voted for them. Looking at the definition of GDP in an IMF publication, we read that

GDP measures the monetary value of final goods and services — that are bought by the final user — produced in a country in a given period of time.

It also commonly agreed amongst economists that “GDP serves as the key indicator of development and progress.”

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Credits to The Brookings Institution

The differences between the economic circumstances of those who voted for Biden or Trump are staggering. …


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Picture by tzahiV — Canva Pro

Thanks to creative XVIIIth century legislating, Trump still has a chance to steal the election from the American people.

Let’s get it straight out of the way: the Electoral College is an anti-democratic institution created in the XVIIIth century by men who believed social class and skin colour determined one’s ability to think, act, and elect. As many have argued in the recent past, it should be abolished.

It should be noted that it was nearly abolished in 1970 when the amendment had bipartisan support, had it not been for a filibuster by Strom Thurmond and the Dixiecrats.

But it wasn’t, and for now, it is the process by which the US elects its President. As such, we must deal with its impracticalities and anachronisms, one of which being that the College is composed of 538 electors, an even number (it used to be 535 until DC got its 3 votes). …


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Flag from Wikimedia. Trump by Sambeet on Pixabay. Illustration courtesy of the author

The similarities between Trump’s election narrative mirrors both Nazi and Confederate rhetorics

The Nazis came to power, in no small part, because of a conspiracy theory that is known to History as the Stab-in-the-back myth. Not only did the Nazi promote and distribute the theory, but they also made it an integral part of their lore.

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1919 Austrian postcard. Unknown authorWikimedia

According to Hitler and other proponents of this theory, Germany was on the verge of winning WWI on the battlefield (spoiler alert: it wasn’t) when it was betrayed on the home front by a cabal of Republicans and Jews.

The Nazis referred to the government officials who had signed the Armistice as the November criminals and depicted the surprisingly modern and liberal Weimar Republic (who saw the emergence of the first gay rights movement)…

About

Nicolas Carteron

Entrepreneur, CFO, advisor. I write about fundraising, startup finance, and business strategy here and in my newsletter: fundraisedd.substack.com

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