The Document Every Founder Skips After Raising

In terms of corporate governance, before you decide to invest in anything, even if it's just a money market fund that is like technically a cash equivalent, it's very wise to have an investment policy in place so that there are some parameters around what you can and can't do with the cash you just raised. So like, let's say you've raised $5 million, maybe you haven't had a conversation with your investor about what you can or can't do with that. But I think in a lot, in a sense, founders are stewards of their investors' cash in the sense that they're executing right. But you wanna make sure that in principle, you're not putting it in maybe too aggressive of an investment vehicle just to inch out some more yield. So it's things like that where you wanna make sure there's like a documented framework where you get something like that.