Angel Financing Early Stage Syndication Valuation 
Feld Thoughts
AUGUST 10, 2010
In this case neither Niel (nor I) had any interest in creating a traditional syndicate to fund the company. Instead we quickly put our heads together about a financing (we like to say it was over beers, but the truth is more mundane – we hammered out the details in a 10 minute conversation in the conference room of the Foundry office).
Professor VC
JUNE 20, 2011
At this time, we had secured a term sheet from a co-investor from one of my other angel investments (Thanks, Graeme!) While my ownership stake in the company has been diluted through these financings (and the merger with uControl), my carried interest (paper value of my equity) has been going up with each increase in valuation.
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