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Three New Types of AngelList Syndicates I Hope to See

Hunter Walker

US-based seed VCs rarely invest outside of the country (500 Startups is one exception) leaving a potential gap in the market for folks with international expertise. With seed capital requirements which fall somewhere between a bank small business loan and venture. 2) The Bundled Expertise Syndicate.

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Setting Up Your Accounting System

Feld Thoughts

Anytime the financial model indicates that SayAhh will run out of cash, determine how you will raise capital to ensure liquidity and be sure to properly account for the debt or equity transaction on the balance sheet and Cap Table. Tie each round of funding to a set of key milestones in the development of your product/business.

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The Silliness Of Recapping Seed Rounds

Feld Thoughts

It usually happens in a later round, when the company is in fact worth much less than the liquidation preference overhang and insiders use a pay-to-play and a low valuation to reset the preferences and the cap table. And developing a reputation for recapping seed rounds is, in my book, silly.