This is going to be BIG.
SEPTEMBER 7, 2012
If you're doing seed deals, how often does a down round in a seed deal even happen? If you're investing at pre-money valuations in the low to mid single digits, then how much worse can the next round even get? I thought the numbers prove this--because big later stage underperforms small early stage.
www.paulgraham.com
APRIL 28, 2010
It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.
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