Feld Thoughts
JULY 14, 2015
A company raises $1m of seed money from angels in a convertible note with a $6m cap. 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. But in this cycle, I hadn’t seen it in a seed round.
www.paulgraham.com
OCTOBER 23, 2010
We alsothought wed be able to sign up a lot of catalog companies, becauseselling online was a natural extension of their existing business.But in 1996 that was a hard sell. Because so little money is involved, raising seedcapital is comparatively easy-- at least in the sense of getting aquick yes or no. This is calledseed capital.
Expert insights. Personalized for you.
70 
Let's personalize your content