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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. SAFEs and Notes are optimized for speed and simplicity, with a cost of future uncertainty and dilution. They have their downsides, which are discussed in some of the above links.

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

pandodaily.com

” Mike Maples of Floodgate Fund may have the most Darwinian take on it all — always a surprise delivered in his warm, folksy Andy Griffith-like Texas accent. “That’s independent of how much money VCs have or how many companies funded. Old media’s problems are the costs not the lack of paywalls.