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Bad Notes on Venture Capital

Both Sides of the Table

Revenue multiple? Less than you’ll probably grant your most junior employees in stock options? There are a million ways to do quick, easy, low-cost rounds with prices. So if the next round is higher they have a much lower cost of ownership than the next investors anyways. How will you price the next round?

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Bad Notes on VC

Gust

Revenue multiple? Less than you’ll probably grant your most junior employees in stock options? There are a million ways to do quick, easy, low-cost rounds with prices. Convertible notes were previously used primarily for “inside rounds” in which the existing investors provide you with bridge financing to get to the next round.