The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
So they recapitalize the company. The founders usually get wiped out completely, but existing management usually ends up with new options for between 10% and 20% of the company. 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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