Founders – Use Your Down Round To Clean Up Your Cap Table
Feld Thoughts
FEBRUARY 9, 2016
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. I watched, participated, and suffered through every type of creative financing as companies were struggling to raise capital in this time frame. I learned this lesson 127 times between 2000 and 2005.
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