Entrepreneur Reputation Seed Money Syndication 
Feld Thoughts
JULY 14, 2015
A company raises $1m of seed money from angels in a convertible note with a $6m cap. Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. Here’s the scenario.
Both Sides of the Table
APRIL 3, 2010
I know many super experienced entrepreneurs who don’t understand the basics of how fund size and age can affect them so I thought it was worth establishing a baseline. I believe these VC funds have suffered some amount of reputation fall out. invested in the seed round they have more inside knowledge than I do.
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