Hippoland

AUGUST 17, 2016

Since this is a hefty topic that we could discuss for days, in this post I’ll aim to cover just the pros and cons of each from a founder’s perspective and will NOT cover: What is a convertible note, equity, or convertible security ? In general, I’m a big fan of convertible notes or convertible securities for seed stage founders.

Equity 48

Equity Convertible Security Silicon Valley Technical Review 48

Hippoland

JANUARY 23, 2018

It will be hard to raise a pre-seed round through traditional methods If you are raising money through traditional methods (such as with angels / micro VCs / VCs) via a convertible note or convertible security or equity deal, it will be a lot harder to raise pre-seed money in 2018. The market had definitely shifted.

Early Stage 48

Early Stage Convertible Security Seed Stage SEC 48

Hippoland

JANUARY 23, 2018

It will be hard to raise a pre-seed round through traditional methods If you are raising money through traditional methods (such as with angels / micro VCs / VCs) via a convertible note or convertible security or equity deal, it will be a lot harder to raise pre-seed money in 2018. The market had definitely shifted.

Early Stage 48

Early Stage Convertible Security Seed Stage SEC 48

Hippoland

MAY 16, 2018

(I put “equity” in quotes because I include convertible notes and convertible securities in this category.) Part of this is driven by the fact that VCs who can buy into tokens for a while were spending a lot of time looking at token deals, removing some investors from the “equity market”. E.g. $200k on $3m.

Seed Stage 48

Seed Stage Valuation Convertible Security Equity 48

Hippoland

MAY 16, 2018

(I put “equity” in quotes because I include convertible notes and convertible securities in this category.) Part of this is driven by the fact that VCs who can buy into tokens for a while were spending a lot of time looking at token deals, removing some investors from the “equity market”. E.g. $200k on $3m.

Seed Stage 48

Seed Stage Valuation Convertible Security Equity 48

Hippoland

AUGUST 31, 2018

It could be building an early version of the product. Or even doing pre-sales or lead generation well before having a product. I believe that some of these seed rounds are way too large, and there’s a looming market correction on the horizon for everyone. Ex-Google product executive raises $4m seed round.”

Pre-Money Valuation 90

Pre-Money Valuation Valuation Silicon Valley Early Stage 90

Hippoland

MARCH 30, 2018

Part 2 will be for pre-seed/seed companies raising traditional equity / debt / convertible security rounds. In many cases, you need a community of users already (in addition to a product) in order have a successful token sale. But this is just my prediction of where I think the market is headed.

Seed Stage 48

Seed Stage Syndicate Syndication Convertible Security 48