The Silliness Of Recapping Seed Rounds
Feld Thoughts
JULY 14, 2015
But instead of adding it on to the note or doing an equity round with a price, which could still be an early stage price but below the cap, they make the argument that since the company couldn’t raise a round, the company is worthless. So the new investment gets 60%, the founders get 39.9%, and the $1m of seed money gets 0.1%.
70 
Let's personalize your content