Publications
Publications
- January 2023 (Revised November 2024)
- HBS Case Collection
ELCA's Series A
Abstract
Vu Phong and Xavier Silva co-founded ELCA to build proprietary software for their technology-enabled language learning tool. Since winning a prestigious venture contest in 2021, their number of registered users grew rapidly, as did the demand for new features like gamified content and additional language support. Serving their growing customer base and developing new features would require raising significant capital. The founders are evaluating two Series A term sheets. The case provides a broad platform for exploring entrepreneurial finance, venture capital term sheets, SAFE notes, and more.
Keywords
Citation
Becker, Anke, Raymond Kluender, and William R. Kerr. "ELCA's Series A." Harvard Business School Case 823-079, January 2023. (Revised November 2024.)