Congrats to Ted and the WorkRamp team! We use WorkRamp to onboard all of our new employees at drchrono and it saves us a ton of time and everyone has positive experiences with using the product.
Can you say more about how Workramp is for start-ups and how it grows? The TC article had more than what I could find on the website about how onboarding leads to goals, leads to performance evaluation--but giving those tools to the SMB market would be huge. I had them when I worked at Deloitte, I'd love to have them at my current start-up.
Thanks for the question terravion! Great point about Deloitte--we wanted to take world class training programs (where companies have deep pockets) and make it accessible to SMBs/mid-market companies. We can help you build full development paths for your team--from onboarding all the way to promotion or changing roles. Happy to tell you more if you want to drop a quick line to ted@workramp.com
These names are arbitrary (though they can do some signalling). Especially the "angel" and "seed" which are basically the same thing.
Basically an "investment round" is when you sell equity (and thus set a price) the rest is debt, both legally and practically. If you don't need to file form D you didn't sell anything!
My understanding is that the most important attribute of an A round is that it fixes a specific valuation on your company.
Lots of companies take numerous "seed rounds"; some are continuously funding during the seed stage. They're not out of "seed" until they take a VC round that imposes a valuation on them.
It's also popular to price a seed round (from 500k up, in my experience) using the "Series Seed" legal documents that are close to boilerplate now. As a founder turned investor, it seems that those docs could be streamlined into software easily. Most of the terms are standardized at this point, aside from board seats.