Bad Notes on Venture Capital
Both Sides of the Table
SEPTEMBER 18, 2014
How do you think they’ll feel if your next round is at a $50 million post money valuation and their hard-earned $25,000 is worth 0.05% of your company? Less than you’ll probably grant your most junior employees in stock options? Me: More dilution? A down round? Maybe an IPO – who knows?
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