Both Sides of the Table
SEPTEMBER 18, 2014
You’ll find out the minimum when the next round is raised. And now I have to explain to team that they’re taking more dilution than they expected if we do a down round. A down round? Raising lower seems kind of like something is wrong. Me: More dilution? I thought it was a convertible note with a cap?
Gust
SEPTEMBER 17, 2014
You’ll find out the minimum when the next round is raised. Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.
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Both Sides of the Table
SEPTEMBER 27, 2010
I discussed it in my post on the topic linked above. ** One small note: many VCs who got into the industry in 2001 or later have never seen a “carry&# check. There is no way for people to keep prices down – it’s a competitive market. The hardest thing is deciding what the right time to allow founder liquidity is.
thebarefootvc
AUGUST 26, 2015
However, many variables come into play when investing at the early stage. A VC’s job is to spot sustainable trends while they are in formation stages, and form a point of view on the timing of the adoption of those trends.
thebarefootvc
AUGUST 26, 2015
However, many variables come into play when investing at the early stage. A VC’s job is to spot sustainable trends while they are in formation stages, and form a point of view on the timing of the adoption of those trends.
thebarefootvc
JULY 26, 2015
However, many variables come into play when investing at the early stage. A VC’s job is to spot sustainable trends while they are in formation stages, and form a point of view on the timing of the adoption of those trends.
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