Why did we send you hot sauce!?

Hot sauce and FX have more in common than you think. And just like grabbing the hottest sauce without checking the label, trading FX without a strategy is risky. Sometimes it’s fine. Other times it burns, badly.

In truth, a lot of VCs approach FX this way: reacting to whatever the rate happens to be on the day, without a clear strategy. This often happens because they lack the guidance, understanding, or tools to implement a more intentional approach without it becoming a time-consuming task.

We sent you this gift as a (literal) taste of that unpredictability. It’s fun when it’s hot sauce. It’s not so fun when it’s your bottom line.

We're developing a tool to help.

We’ve developed a tool in collaboration with hundreds of CFOs, designed to help VCs quickly identify and manage your FX exposure with ease:

  • Pinpoint your business’s exposure to currency fluctuations in just a few simple steps

  • Leverage insights from historical data to learn industry best practices

  • Understand the true impact of FX movements on your bottom line, with actionable recommendations

Want to see where you’re exposed and what to do about it?

Total exposure:

$68M

Risk score:

6.8/10

Currency Breakdown

EUR:16%

GBP:44%

USD:36%

DKK:4%

Hedge ratio:

78%

Strategies:

We made our founders Seth and Dan take on the hot sauce challenge to prove a point - markets are spicy right now, and guessing your way through FX risk just isn’t it.

Copyright @ 2025 Bound

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. No opinion given in the material constitutes a recommendation by Bound Rates Limited that any particular transaction or investment strategy is suitable for any specific company or person. Results may and will vary. The information in this publication does not constitute legal, tax or other professional advice from Bound Rates Limited or its affiliates.

Bound (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL

Bound Rates Limited (FRN 966723) is authorised and regulated by the Financial Conduct Authority to act as an Investment Firm.​

Copyright @ 2025 Bound

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Bound (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL

Bound Rates Limited (FRN 966723) is authorised and regulated by the Financial Conduct Authority to act as an Investment Firm.​

Copyright @ 2025 Bound

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Bound (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL

Bound Rates Limited (FRN 966723) is authorised and regulated by the Financial Conduct Authority to act as an Investment Firm.​