Mastery card
I can explain Down Round
Raising at a lower valuation than the previous round.
A down round is a financing where the pre-money valuation is lower than the prior round’s post-money valuation, often triggering anti-dilution protections.
Sticky trick
Cut burn and show a credible plan - narrative matters as much as price.
Take into the room
In plain English, what is Down Round?
Or open the share card ⬇️
Or start your own 5-word trail from home.