The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
The company spends the $1m building and launching their first product. The first release is underwhelming, but they iterate aggressively, with feedback and support from some of their angel investors. The product gets a lot better. and the investors, who put up $1m in a convertible note, get 0.1%.
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