Founders
Example · Board of 3Should I take a $500K SAFE at a $5M cap from a strategic angel, or hold out for an institutional seed?
Chief of staff
This one needs a board: The Strategist, The CFO and The Skeptic. The Strategist maps competitive dynamics and strategic options across multi-year horizons. Each researches alone first, then they react to one another — and on a decision, two of them take opposed sides.
The StrategistCompetitive Expert
The CFOFinancial Controller
The SkepticRisk Assessor

Asked first
Has a competitor already made this move?
Yes, one hasNot that I knowWe’d be first
The board’s call
Take the strategic angel at the $5M cap only if they commit to two warm intros to Series A funds.
Strategic angel's real value is signaling for the next round, not the $500K. Institutional seed gets cleaner cap table and price discovery.

The Skeptic disagreed
“Pro-rata terms in the SAFE could compound dilution at Series A”
Board of 3 · up to 135 credits on the card · an example, not a recorded run









