The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
The first release is underwhelming, but they iterate aggressively, with feedback and support from some of their angel investors. The feedback is “come back when you’ve made more progress with customers.” and the investors, who put up $1m in a convertible note, get 0.1%. The product gets a lot better.
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