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"Soft commitments for current round from current investors".What does it mean?
I'm wondering about the phrase "soft commitments for current round from current investors". Can you explain what that means?
Sure, "soft commitments" generally refer to a situation where an investor expresses interest in investing, but hasn't yet made a formal commitment to do so. "Current round" refers to a specific fundraising round a company is currently working on, and "current investors" are those who have already invested in the company in an earlier round. So, "soft commitments for current round from current investors" would mean that investors who have already invested in the company in the past have expressed interest in investing in the current round, but haven't officially committed to it yet.