Strategy Roundtable: Try To Get At Least $2M Pre-Money In Seed Round Valuation
ReadWriteStart
OCTOBER 7, 2010
Sub-$2 million pre-money, it is better to bootstrap. That is debt financing that converts into equity at the Series A valuation once the price for that is set. (I I believe Jeff Clavier and many other seed investors are in agreement with me on this issue.) If you have to raise money, try to do so as convertible notes.
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