Feld Thoughts

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A Quality Benchmark for Accelerators: The Global Accelerator Network

Feld Thoughts

Accelerators business david cohen entrepreneur global accelerator network Seed money TechStars United States Venture Capital' The post A Quality Benchmark for Accelerators: The Global Accelerator Network appeared first on Feld Thoughts.

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Doing The Right Thing In A Recap

Feld Thoughts

Given the amount raised, the new financing, and the cap, I would have asked the seed investors to waive the terms and instead accept a smaller percentage of the company than they would have otherwise gotten. When asked what the range I would give to the seed investors post financing, I said 10% – 15%.

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The Silliness Of Recapping Seed Rounds

Feld Thoughts

A company raises $1m of seed money from angels in a convertible note with a $6m cap. Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. Here’s the scenario.