Question Threads

Ask the people who have done it, in writing

For a week at a time, a mentor, lawyer, fundraiser or expert takes founders' questions. Founders vote for what gets answered first. The answers stay public, so every founder after you can read them.

Host the first thread How it works

No thread is open right now

Example

Ask me about your seed round termsStartup lawyer · open, 4 days left

▲31
We have $40k MRR growing 12% a month. Is that enough for a seed round in Europe, or should we wait a quarter?
▲24
An angel wants a board seat for $150k. Is that normal at pre-seed, and what do we offer instead?
▲18
Our SAFE has a $10M cap and the lead now wants $8M. Can we hold the cap for the early angels?

Answer · the board seat question

This week

The programme

The first slots are open to hosts

Approved mentors, lawyers, fundraisers and experts can open a thread for three days, a week or two weeks. Open threads are listed here first.

Open a thread Apply to be listed

How it works

One week, one host, every answer kept

For founders

AskWhile a thread is open, ask in writing, with enough context to answer it.
VoteVote for the questions you want answered too. The host works down the list.
ReadAnswers appear on the thread and stay there, for you and every founder after you.

For hosts

OpenPick a topic and open a thread for three days, a week or two weeks.
AnswerAnswer in writing, in your own time, most-voted first.
Be foundEvery answer sits on a public page, under your name, linked to your listing.

Before you ask

The anatomy of a question that gets answered

We are a two-founder B2B software company with $40k MRR, growing 12% a month. Two seed funds have asked for our deck; neither has offered terms. Should we raise now, or wait a quarter to cross $60k?

Context in one lineStage, model and the numbers that matter.
What has happenedThe facts, not the feelings.
The decision you faceA question with an answer, not "any advice?".

Who hosts

Four kinds of people, four kinds of question

Mentors

Is my traction enough for this round
Which investors to approach first
How to read a pass

Startup lawyers

SAFE caps and discounts
Board seats and vetoes
Cleaning up a cap table

Fundraisers

Placement fees and terms
When an agent is worth it
Raising from private wealth

Experts

Pricing before the raise
What goes in the data room
Hiring the first salesperson

Public questions. Asked under your account name, read by everyone.

No contact details. Questions and answers stay on the thread.

Votes set the order. One vote per founder per question.

Answers stay. Closed threads remain readable for good.

Know the answers founders keep asking for?

Open a thread for a week and answer in your own time. Every answer stays public, under your name.

Host a thread Apply to mentor

Questions about threads

Who can ask?

Any founder with a free account, while a thread is open. Questions are public, under your name as it appears on your account.

Who answers?

The thread's host only: an approved mentor, lawyer, fundraiser or expert listed on Millionrounds. They answer in writing, on the thread's page.

Which questions get answered first?

The ones founders vote for. Every founder can vote once per question, and the host sees them in that order.

Is a written answer legal or financial advice?

No. It is one experienced person's view on a question asked in public, without the full facts of your company. Treat it as a starting point, not a decision.

Can I host a thread?

If you are an approved mentor, advisor, expert, lawyer or fundraiser on Millionrounds, yes: open one from your threads page for three days, a week or two weeks. If you are not listed yet, apply first.