The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Why Founder Mode is Dangerous & Could Encourage Bad Behaviour | Why Fundraising is a Waste of Time & OKRs are BS | Why Angel Investing is Bad for Founders to Do and the VC Model is on it's Last Legs with Zach Perret @ Plaid
Zach Perret
We had a late-stage contract with Venmo. Then it was maybe six or eight months later that we went back and raised a seed round. It was valued at $11 or $12 million, so an actual good step up. Did you think you were going to die? Yeah. But I mean, we hadn't paid ourselves in six months at that point. We were like, whatever. At some point, we're going to actually run out of money.
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