Startups And The Series A1 Trap

2 min read

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…...

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Amit Garg I have been in Silicon Valley for 20 years -- at Samsung NEXT Ventures, running my own startup (as of May 2019 a series D that has raised $120M and valued at $450M), at Norwest Ventures, and doing product and analytics at Google. My academic training is BS in computer science and MS in biomedical informatics, both from Stanford, and MBA from Harvard. I speak natively 3 languages, live carbon-neutral, am a 70.3 Ironman finisher, and have built a hospital in rural India serving 100,000 people.