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Tiered Valuation Caps

Austin Startup

This post assumes that, for a company’s early seed round, they’ve decided to use convertible notes or SAFEs; because the majority of startups do. Tiered Valuation Caps was originally published in Austin Startups on Medium, where people are continuing the conversation by highlighting and responding to this story.

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The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

Add to this regular angels becoming “super angels” — a much-mocked phrase for when someone goes from investing their own money to investing institutional funds. Essentially they became micro-VCs, still investing at the seed level but with much greater resources behind them. A name like 500 Startups says it all.