The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
The company spends the $1m building and launching their first product. The product gets a lot better. The founders usually get wiped out completely, but existing management usually ends up with new options for between 10% and 20% of the company. But in this cycle, I hadn’t seen it in a seed round.
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