2004 Internet Metrics Seed Stage 
Agile VC
MAY 26, 2011
Google is still a private company (their IPO was Aug 2004). is the leading consumer internet company with Terry Semel as CEO. conference happened at the end of 2004). One partnership was clearly very divided and a vocal minority of GPs thought consumer internet companies were a massive waste of time and money.
Gust
NOVEMBER 4, 2011
Rather than reinvent the wheel, I would point readers to Martin Kleppmann’s useful blog post with graphs illustrating the effects of a valuation cap on entrepreneurs, seed investors and later-round (typically VC) investors. Valuation caps can come into play in settings other than seed-stage convertible note financing rounds.
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