Subj: John - Bouncehelp Backer Invitation
John -
As you may know, Bouncehelp will be doing our institutional fundraise at our Demo Day for Alchemist (Alchemist is the top B2B accelerator, noted for very high fundraises from its graduates.)
Once we do an institutional raise, it’s common for there to be no room for individuals to invest in the company, as the institutions often take all the equity available.
In advance of our Demo Day, our advisory board has carved out a $100K allocation for an “Advisor Round” : a round for value added individuals / company stakeholders to invest in the company.
I wanted to extend this invitation to you. No need to do this, but I didn’t want you to feel excluded.
If you want to invest in Bounchelp, here are the broad terms of the opportunity for this Advisor Round:
We are using the Alchemist Note as the lead investment vehicle (attached below). Alchemist invested at a $6 million valuation.
Our Advisory Board has approved reducing the valuation for this limited round to $3 million, half of where Alchemist invested. There is also a discount of [XX%].
The Valuation will be increasing by at least $0.5 million after the $100K is closed. Most Alchemist companies at Demo Day will be raising at a $6 million cap.
If you would like to participate in this round, here are next steps:
Please confirm if you are interested
Confirm what size check you would like us to reserve in the round
If you need anything else to hard confirm your commitment, please let us know
After we receive your expression of interest, we will follow up if we can invite you into the round.
We are asking participants in the Advisor Round to let us know by 5:00 PM PST on Thursday, April 6 if they would like to participate.
My best,
Dmitry
Salient Operational Updates
Here are key operational updates on the company (Please treat confidentially):
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