ValG

It's very possible that we never raised enough, or the firms we did raise from operate differently, but we did raise low $xxM and we got all of it at once, and we did in fact deposit it right into out SVB account.

I've never heard of the "just in time" funding - and if that's more common than I think I'm also very surprised that we don't hear more of the "fund committed $100M, but the business went south and they declined to fund it fully" sort of stories.

I don't which other states may do this, but in Cali Labor Code Section 558.1 - company managers and owners are personally liable for missed wages. It is a codified approach to piercing the corporate veil. I learned this well when we had a single digit bank account and were waiting on funding to get wired in as payroll was coming due.

“Hey Siri, what song is this” works

I just picked this back up last week for similar reasons. I have so much going on in my life right now that I wanted something to read where I already know the story well and can allow parts of my brain to "defrag" while still enjoying a book.

Can we change the link to this article - it's fulsome with more details and great images.