Founder Fridays No. 53
Helping founders and operators scale smarter.
Happy Friday!
As I’ve mentioned the last couple weeks, I’m launching a new product that I think it going to be really helpful for startups - Ace: Chat GPT for startup law.
I’m excited to announce that we’ve nailed down the launch date for Ace - September 15th, and I want to celebrate the launch with you.
Please join me for the Ace Launch Party on Friday September 15th. It will be a happy hour in Dumbo, Brooklyn. I’m looking forward to seeing old friends as well as meeting many of you for the first time face to face. Click the button below to register for the launch party. Note that there is limited capacity, so the first people to sign up will have priority.
It’s the first Friday of September and that means that it’s funding Friday. Let’s take a look back at the August startup funding data.
Pre-Seed
Median Money Raised:
$1,098,000
Median Post-Money Valuation:
$9,000,000
Seed
Median Money Raised:
$2,352,000
Median Post-Money Valuation:
$19,600,000
Series A
Median Money Raised:
$10,998,000
Median Post-Money Valuation:
$58,500,000
Series B
Median Money Raised:
$22,968,750
Median Post-Money Valuation:
$183,750,000
Startup Funding Guides
I’ve put together a series of guides to equip founders to excel at fundraising. These guides break down the deal term by term and give you negotiation tips so that you can speak to investors with confidence.
Convertible Note: Guide / Video
Move Fast. Don’t Break Things.
Hi! I’m Kyle. This newsletter is my passion project. When I’m not writing, I run a law firm that helps startups move fast without breaking things. Most founders want a trusted legal partner, but they hate surprise legal bills. At Westaway, we take care of your startup’s legal needs for a flat, monthly fee so you can control your costs and focus on scaling your business. If you’re interested, let’s jump on a call to see if you’re a good fit for the firm. Click here to schedule a 1-on-1 call with me.
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