Congrats on all your hard work done to date! I'll get this to Ravi asap, but first, et me give you an overview of next steps on how Alchemist can help with your next raise:
(1) Best Practices
You might want to re-read Alchemist's Fundraising Dos and Don'ts and read through our FAQs on Term Sheets here: https://intercom.help/alchemistacc/en/?q=term+sheet.
(2) Investor Research
You can also see our past research results from researching target VC's for our companies in this folder.
You can have us research institutional investors we think you should target by filling this form out.
(3) Institutional Reach Outs
When you are ready, if you fill this form out here, we can email our Institutional investor contacts to set meetings up.
(4) Alchemist Pro Rata
If this is a priced, non-bridge, round, with a lead(usually non-strategic) investor we may be interested in fulfilling our co-invest right. If you can fill this form out, we will get back to you within 3 weeks (hopfully sooner) re: Alchemist’s participation.
The intention behind the form is to save time so you don’t have to do a meeting for us to get you a decision. We are hoping the info asked on the form is readily available. If it will take you more than 10 minutes to gather any of these, please let us know and we can set up a separate call to gather the data we need.
We will aim to get you guidance quickly once we get these docs back.
This funding decision is made by a separate committee. We may fulfill the co-investment right through an Alchemist follow-on fund done in partnership with Correlation Ventures (to be clear, it is an Alchemist branded fund, and Ravi is a Principal, but if you are funded through this vehicle you get access to Correlation Ventures' services and support). Or we may fulfill our investment through an Alchemist fund in partnership with Angellist. Or we may not exercise the right.
If there are any questions, don't hesitate to reach out.