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Future raises

Once a round closes, you can start a new raise for the same company at any time. Each new raise is a separate round — with its own valuation, investor terms, escrow, vesting schedule, and governance — independent of any round that came before it.

Every raise for your company draws from one fixed token supply, set when you first raise and representing 100% of your company on a fully diluted basis. Each round only mints the number of tokens matching the percentage of the company it's offering — so a round offering 10% mints 10% of that fixed supply.

A later raise mints more tokens from whatever's left of that same supply, using the same company token rather than creating a new one. Because every token comes from the same fixed pool, a token minted in an earlier round and one minted in a later round represent the same proportionate slice of the company — which round minted it doesn't change how much of the company it represents.


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