[mattmaroon]

Our articles of incorporation did not specify what future rounds would be called based on amounts raised at all. I don't think most do. And to my knowledge, there is no law requiring that. I'm pretty sure you can call your first round a Series C if you want to, though it would probably not be a good idea.

My point was that it's a custom, not a law, and the distinction between an AA and an A is arbitrary.