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Rolling Closes Versus Synchronous Closes

Haystack

Most of the rounds I participate in today are priced equity rounds. The equity round process bakes this in, and helps every participant to know what they’re raising or holding at any given point, dissuading the company from taking on additional capital without some burden. Payment may be delayed. It is not fair.

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What Makes a Great Independent Board Member?

Both Sides of the Table

When an entrepreneur takes on investors who take equity (i.e. The board is where large equity investors get their representation. Founders on the other hand recognize that over time they are likely not to have complete control of the board of directors of the company they founded. VCs most certainly do have skin in the game.

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