Feld Thoughts

JUNE 10, 2022

She has a good article today in TechCrunch titled Embrace the down round (it’s going to be okay, maybe). ” Now, I’m not encouraging anyone to do a down round if unnecessary., ” Now, I’m not encouraging anyone to do a down round if unnecessary., and a bunch of other things.

Down Round 162

Down Round Ratchet Liquidation Preference Participating Preferred 162

www.paulgraham.com

APRIL 28, 2010

Some angel investors join together in syndicates. 10 ]One new thing the company might encounter is a downround , or a funding round at valuation lower than the previousround. Down rounds are bad news; it is generally the common stockholders who take the hit. Startups valuations aresupposed to rise over time.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Both Sides of the Table

OCTOBER 18, 2015

In 2014 3 out of 12 exits were occurred at a lower valuation than the previous round. 25% “down rounds? But when you fast-forward 1 year to 2015 5 out of 7 were down rounds. And what many people don’t realize is that most syndicates get what is known as “deal-by-deal” carry.

IPO 150

IPO Venture Capital LP SEC 150