Series A Bar Rises: Investors Now Demand NRR Above 125%
MartinGTobias · x · 2026-09-12
Investor Martin Tobias says a portfolio company paused its Series A raise because 75% of its customers were under 12 months old with no way to calculate NRR. The bar is now NRR > 125%.
The company has $3M+ revenue and enough cash to reach profitability by year-end, and plans to return in Q1. Founder takeaway: know the rising bar and crush it.
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