On: How we raised a $1.1M seed round without customers...

[johns]

I can't discuss the terms obviously. All I can say is that we felt they were very fair.

[seldo → johns]

I mean, you can. You are CEO, and there is AFAIK no legal restriction on you releasing details of your funding. It's just not in your interest to do so.

[ryanglasgow → johns]

I didn't expect you to discuss the terms, but the amount raised doesn't really mean anything given there's no context.

[dcraw → ryanglasgow]

It doesn't mean nothing. There's a range of equity that will be given away during any round. I don't know how high the variance is but it's probably less than 30% and more than 10%.