Series A prices vs our ownership
DoneSteps
1Read Q4 2025 onward
Pre-money in workflow Series As stepped up and stayed there.
2Explain the gap
Plan minus actual cost is price discipline, not an empty pipeline.
Inputs
- PitchBook tape
- Pacing file
Sources used
Output
The pacing paragraph in the LP draft uses this note. Unallocated dry powder is not a mandate to catch the straight line.
Pacing