Xavier de Gracia(@XDeGracia):We just raised $30M from @a16z in an oversubscribed round with multiple termsheets. We evaluated termsheets on 3 axes: - People: Will they add value to our decision-making? Do we trust this person to be in our board? How are they going to react in pivotal moments? - Platform: What does the firm have to offer? Key areas being: hiring, distribution, brand. - Economics: Valuation, amount, and general terms. It’s easy to mix too many factors into the decision, so we decided to first start with people, then firm, and then economics. Other founder references were key to get information. We performed at least 15 reference calls until we got a good understanding on the people and the platform.

2026.07.14 14:33

We just raised $30M from @a16z in an oversubscribed round with multiple termsheets. We evaluated termsheets on 3 axes: - People: Will they add value to our decision-making? Do we trust this person to be in our board? How are they going to react in pivotal moments? - Platform: What does the firm have to offer? Key areas being: hiring, distribution, brand. - Economics: Valuation, amount, and general terms. It’s easy to mix too many factors into the decision, so we decided to first start with people, then firm, and then economics. Other founder references were key to get information. We performed at least 15 reference calls until we got a good understanding on the people and the platform.

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