Deal Structure Naming Product Development Revenue 
K9 Ventures
OCTOBER 10, 2017
There are a now a handful of funds, K9 included, that are Pre-Seed funds in name and practice. Unless every aspect of product development is covered by founders who are only receiving equity, there are other parts of building a product that will require hiring highly qualified people. Series A is the new Series B. (~6M-$15M
David Teten
OCTOBER 1, 2015
I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. Second, the company must eventually own the product development and maintenance functions in-house.
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