Which Fundraising Round Should You Skip?
View from Seed
OCTOBER 24, 2019
As seed rounds have atomized, it’s not uncommon for founders to raise 3 or even 4 rounds prior to a series A. These include angel rounds, pre-seeds, institutional seeds, second seeds, pre-A, etc. The reality is that if a founder raised every one of these rounds, and lead investors always got their “target” ownership, the level of dilution would be ridiculous.
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