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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? 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. How will you price the next round? Your A 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? 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. How will you price the next round? Your A round? Him: On metrics.