Enterprise
The Series A
The investor seemed interested for months and then suddenly wanted completely different terms right before signing
Your objective
Close the $750,000 investment at a $2.5M pre-money valuation without the ratchet clause, or with a ratchet that is set at a level you can confidently exceed (30% below your conservative projection).
The counterpart
Marc — Angel Investor
Temperament: The Shark · Difficulty: expert
Skills trained
- holding valuation
- batna signalling
- discovery
- reframing
What a good run looks like
Score 70+ with agreement at your difficulty ceiling to unlock harder counterparts. Swanx coaches the exact phrases that cost you points — dimension by dimension.