Interesting optics. I first see $1m as a "small raise" but maybe you're just running really lean and don't need as much money?
Good luck
Good luck
But you're right! This is just a seed. Demo day is coming up, so we're thinking about the strategy there with a larger seed. I guess I'm not allowed to say I'll be fundraising because of SEC rules? [edit: for those confused, there is a rule that you can't fundraise in public. I think that means I can't say "we're fundraising" but I'm not sure about future tense. IANAL]
We have a team of 4 and I'd like that to be 6 or 7 soon. Payroll makes up most of our costs.