Hit the magical $1M ARR a year after your A but not so sure if you should be raising a B? And at the current burn your cash is going to last for 6 months more since you had actually raised for 18 months? And unsure whether you should call this round A1, A*, pre B, or something else? I call it the A1 Trap — hence the homage to Admiral Ackbar from Star Wars. Before we discuss further let’s first clarify a framework. Framework – What Do Round Terms Really Mean The nomenclature has got very muddled — why…...
Startups And The Series A1 Trap
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