The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. When I made 40 seed investments between 1994 and 1996, I had a philosophy that I’d double down on a seed investment.
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