Series B

Definition

The second institutional round where your company proves Series A wasn't a fluke—investors pony up $15M-$50M hoping you've figured out unit economics.

Example Usage

Our Series B deck includes 47 slides, 12 of which are just different ways to show our growth curve.

Origin

Alphabetical continuation of funding rounds

Fun Fact

Companies typically raise Series B 18-24 months after Series A.

Source: Standard VC funding terminology

Related Terms

Advanced

Convertible Note

A loan that converts into equity during a future funding round, allowing investors and founders to avoid the uncomfortable conversation about what the company is actually worth. It's a financial IOU wrapped in optimism and legal jargon.

🚀 Startup / VC

Intermediate

ARR (Annual Recurring Revenue)

The amount of predictable revenue a SaaS company makes yearly—the metric that determines whether you're 'growth' or 'dead.'

🚀 Startup / VC

Intermediate

investment memo

An internal document where VCs justify their investment thesis to partners, typically written with supreme confidence that will be mocked at the next downturn. The receipts for future 'I told you so' moments.

🚀 Startup / VC

Advanced

zombie VC

A venture capital firm that's functionally dead but still managing old funds, unable to raise new capital but too undead to fully shut down. They're not investing in new companies but still collecting management fees from their limited partners.

🚀 Startup / VC

Intermediate

Stock Options

The right to buy company shares at a set price in the future, given to employees as compensation for the salary they're not getting. They're worth millions on paper and nothing in reality, making them the participation trophies of startup compensation.

🚀 Startup / VC

Intermediate

equity crowdfunding

Raising capital from numerous small investors through online platforms, democratizing access to startup investment and the opportunity to lose money on early-stage companies. Kickstarter, but instead of getting a T-shirt, you get illiquid securities.

🚀 Startup / VC

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