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To Follow On or Not to Follow On

This is going to be BIG.

SEPTEMBER 7, 2012

I know, because those people all used to pitch me as an institutional LP back in the day. Here are the top things I hear about follow ons and why they don't make a lot of sense to me: 1) You need to have follow on capital to protect your investments in case of a down round. Down from what?

Later Stage 99
Later Stage Down Round Pre-Money Valuation Early Stage 99
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