The Ask

Beginner 🚀 Startup / VC

Definition

The amount of money a startup is seeking in a funding round. The question that determines whether you're getting a term sheet or eating ramen while applying to jobs.

Example Usage

Our ask for Series B is $15M, which our lead investor described as 'aggressive' and our financial model described as 'absolutely necessary if we want to survive.'

Origin

Common business terminology for specifying a request or demand; adapted in VC to refer to capital raising requests.

Fun Fact

The ask is strategically important: too low and you don't raise enough to do anything; too high and you look delusional.

Source: Venture capital and fundraising terminology

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