2003 Cofounder Internet Pre-Money Valuation 
Agile VC
MAY 26, 2011
A lot of people ask me what it was like raising the Series A round for LinkedIn back in 2003. Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). is the leading consumer internet company with Terry Semel as CEO.
Gust
NOVEMBER 4, 2011
In brief, a cap acts to place a limit on the conversion price of a convertible note such that investors are guaranteed a minimum number of shares for their bridge loans if the startup does a priced equity round at a high pre-money valuation – “high” meaning above the cap, which is often a heavily negotiated term. (The
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