Founders – Use Your Down Round To Clean Up Your Cap Table
Feld Thoughts
FEBRUARY 9, 2016
” Many companies have hired ahead of their growth rate because they had the cash to do so. I started investing in 1994 and while there was some bumpiness in 1997 and again in 1999, the real pain happened between 2000 and 2005. But, as you raise more money at higher valuations, this will normalize. It’s simply not true.
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