Bad Notes on Venture Capital
Both Sides of the Table
SEPTEMBER 18, 2014
On the phone … Me: So, you raised venture capital? Maybe an IPO – who knows? How about you close your first capital (say $500,000) and put in the docs that you have up to [90] days to raise an additional $1 million at the same price at your discretion. We raised a seed round. About $1 million. Me: With a cap?
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