2010 VC Funding Outlook for Startups – Prepare for Winter (Part 3/3)
Both Sides of the Table
OCTOBER 1, 2009
So we loaded up on flat screen TVs, multiple generations of iPods and trips to Hawaii. If you’re raising $2 million and can close on $3 million – don’t optimize to minimize short-term dilution, optimize for contingencies in case the market gets worse. We spent our future since the equity was artificial. So why the ’09 bounce?
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