---
title: "Fundraise office hours — fund-a + alice-example"
type: meeting
slug: meetings/2026-04-10-fundraise-fund-a
date: 2026-04-10
attendees: [you, alice-example, fund-a]
---

# Fundraise OH — fund-a / alice-example

Office hours session with alice-example (acme-example) and fund-a partner.
Topic: acme-example's planned Series A close in late 2026.

## Discussion

alice-example walked through the new metrics. Retention curves look strong
across two cohorts. She thinks net retention crosses meaningful threshold
by Q3 if the current expansion motion holds. I pushed back on the
geography assumption — the LA market is going to be slower than the SF
data implies, and I don't think she's modeling that correctly yet.

fund-a partner asked about competitive dynamics. alice-example argues
acme-example's vertical depth means they win the workflow even when
horizontal competitors enter the space. I'm not sure I buy that — there
are at least two well-funded competitors I'd take seriously, and one of
them ships fast. Worth grading this claim against actual win-rate data
in 12 months.

Discussion of pricing. I think the current pricing leaves money on the
table for the top-decile customer cohort. alice-example pushed back —
she wants to grow into the pricing rather than annoy early adopters.
Probably the right call for now, but I'd want to revisit by end of year.

## Takes

- I bet acme-example closes the Series A on the timeline she's projecting
  (Q4 2026). Conviction ~0.7. Geography risk is the main downside.
- I bet fund-a leads the round. They've been signaling interest for two
  quarters and the partner showed up to OH. Conviction ~0.75.
- I predict the competitive thesis (vertical depth wins) will look weaker
  in 12 months than it does today. Conviction ~0.55 — genuinely uncertain.
- alice-example's pricing instinct is right for the current stage. Low
  conviction — I'd revise depending on how the next cohort behaves.

## Followups

- Revisit the geography model in 90 days.
- Get the win-rate numbers vs the two named competitors when they exist.
