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Today, we’re talking about short term sales contracts. They are bad news for your company but potential customers will often ask for a short term contract on the premise that there’s a bigger, juicier, long term contract coming very soon.
Today, we’re talking about your market size.
Today, we’re talking about when to start hiring.
When you begin seed fundraising, it’s often very difficult to know what price you should set for your “valuation cap” on a SAFE or convertible note. I often suggest founders start with a low valuation cap and then increase it over time, based on demand.