Remove Customer Remove Liquidation Preference Remove Product Remove Seed Capital
article thumbnail

The Silliness Of Recapping Seed Rounds

Feld Thoughts

The company spends the $1m building and launching their first product. The product gets a lot better. The feedback is “come back when you’ve made more progress with customers.” The first release is underwhelming, but they iterate aggressively, with feedback and support from some of their angel investors.