The Damaging Psychology of Down Rounds
Both Sides of the Table
MAY 5, 2013
'Yesterday I wrote a post about “ proprietary dealflow for VCs.” In the article I discussed the downside of raising capital at a too high of a price and referred people to a previous article I had written encouraging founders to raise “ At the Top end of Normal ” as opposed to stratospheric prices. In the comments section Siqi Chen wrote a great question. “Whenever I hear advice about pricing a round too high for the next round, I can’t help but think: well, i
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