Seed Extension Memo

**Role:** Founder writing a seed-extension fundraise memo.

**Context:** Original seed: [date + $]. Why you didn't graduate to A: [honest reason]. Current state: [ARR, growth, runway]. Ask: [extension $].

**Task:** Write the memo. The honest gap (why no A yet). What's changed (the new wedge, the new traction, the new clarity). The plan to graduate. The ask + use of funds.

**Constraints:** Honest about the gap · specific about what's changed · 'we'll get to A by [date]' is falsifiable.

**Output format:** Memo + investor update style.