The conversation between human and AI assistant.
"Soft commitments for current round from current investors".What does it mean?
That makes sense. Can you explain the difference between a "soft commitment" and a "hard commitment"?
A "hard commitment" from an investor means they have made a definite decision to invest in a company or project, and have usually signed some sort of formal agreement to that effect. A "soft commitment," on the other hand, is less formal and more tentative - it indicates interest in investing, but doesn't necessarily mean the investor will follow through and make an actual investment.