[moralestapia]

Not to nitpick but to expand, many funding deals (pretty much all above 100M) are structured like that.

You'll never get a billion dollar check from anyone.

I've even seen startups raise like 500k pre-seed with tranches in it, lmao!

[skeeter2020]

nit: I think you mean tranches

[moralestapia]

Whoops, typo. Thanks!

[nszceta]

*tranche